Equinix (NASDAQ:EQIX) EVP Raouf Abdel Sells 2,040 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) EVP Raouf Abdel sold 2,040 shares of the firm’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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Raouf Abdel also recently made the following trade(s):

• On Thursday, March 12th, Raouf Abdel sold 584 shares of Equinix stock. The shares were sold at an average price of $965.69, for a total transaction of $563,962.96.

Equinix Trading Down 0.2%

EQIX opened at $1,077.63 on Wednesday. The company’s 50 day moving average is $1,042.14 and its 200-day moving average is $899.61. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The company has a market cap of $106.28 billion, a P/E ratio of 74.58, a PEG ratio of 2.03 and a beta of 1.01.

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, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company posted $9.67 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm 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 $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EQIX. Ameriflex Group Inc. raised 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 worth $25,000 after purchasing an additional 26 shares during the last quarter. Avion Wealth raised its holdings in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC raised 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 worth $32,000 after purchasing an additional 28 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQIX. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley raised their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wells Fargo & Company raised their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

About Equinix

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.