Prudent Man Advisors LLC Sells 723 Shares of Equinix, Inc. $EQIX

Prudent Man Advisors LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 41.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,019 shares of the financial services provider’s stock after selling 723 shares during the period. Prudent Man Advisors LLC’s holdings in Equinix were worth $781,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its holdings in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC lifted its holdings in Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares during the last quarter. Activest Wealth Management raised its stake in shares of Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Equinix in the fourth quarter worth about $45,000. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Truist Financial set a $1,215.00 target price on shares of Equinix in a research note on Friday, May 1st. The Goldman Sachs Group boosted their target price on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Jefferies Financial Group boosted their target price on shares of Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Performance

EQIX opened at $1,080.95 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $106.60 billion, a price-to-earnings ratio of 74.81, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The firm has a 50 day simple moving average of $1,058.36 and a 200 day simple moving average of $914.55. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s payout ratio is currently 142.84%.

Insider Activity

In related news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,053 shares of company stock valued at $11,569,731. 0.27% of the stock is currently owned by company insiders.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.