Equinix, Inc. $EQIX Shares Sold by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP reduced its holdings in Equinix, Inc. (NASDAQ:EQIX) by 66.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284 shares of the financial services provider’s stock after selling 573 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Equinix were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Equinix by 2.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after buying an additional 13 shares during the period. IFP Advisors Inc lifted its holdings in shares of Equinix by 2.2% in the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after buying an additional 13 shares during the period. UMB Bank n.a. lifted its holdings in shares of Equinix by 5.9% in the 4th quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock valued at $179,000 after buying an additional 13 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of Equinix by 3.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after buying an additional 14 shares during the period. Finally, Warwick Investment Management Inc. lifted its holdings in shares of Equinix by 1.7% in the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock valued at $706,000 after buying an additional 15 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQIX. Evercore reissued an “outperform” rating and issued a $1,240.00 price target on shares of Equinix in a report on Tuesday, April 28th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a report on Tuesday, May 5th. Cantor Fitzgerald lifted their price objective on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

Equinix Stock Performance

NASDAQ EQIX opened at $1,055.85 on Monday. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 73.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The business has a fifty day moving average of $1,066.23 and a 200-day moving average of $924.74. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last released 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. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted $9.67 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is 142.84%.

Insider Buying and Selling

In other news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,539 shares of company stock valued at $12,455,054. 0.27% of the stock is owned by insiders.

Equinix Company 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.