Equinix, Inc. $EQIX Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 594,582 shares of the financial services provider’s stock after buying an additional 3,189 shares during the period. Bank of New York Mellon Corp’s holdings in Equinix were worth $455,545,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EQIX. Brighton Jones LLC boosted its holdings in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC boosted its holdings in Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in Equinix in the second quarter worth about $231,000. Finally, Brown Advisory Inc. boosted its holdings in Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. TD Cowen raised their price target on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays raised their price objective on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group raised their price objective on Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group raised their price objective on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 630 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the sale, the insider directly owned 10,394 shares in the company, valued at $9,990,608.86. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $1,049,293.20. Following the completion of the sale, the chief executive officer owned 19,574 shares of the company’s stock, valued at $18,912,398.80. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,053 shares of company stock valued at $11,569,731 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Up 0.5%

Shares of EQIX stock opened at $1,077.00 on Thursday. The stock has a 50 day moving average of $1,053.57 and a 200 day moving average of $910.27. 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 stock has a market cap of $106.21 billion, a P/E ratio of 74.53, a P/E/G ratio of 2.02 and a beta of 0.99. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68.

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

Equinix Dividend Announcement

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

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.