Equinix, Inc. $EQIX Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 26.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,476 shares of the financial services provider’s stock after selling 899 shares during the quarter. Moran Wealth Management LLC’s holdings in Equinix were worth $2,427,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in shares of Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix in the fourth quarter worth $30,000. Princeton Global Asset Management LLC raised its holdings in shares of Equinix by 200.0% during the fourth 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. Physician Wealth Advisors Inc. lifted its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Finally, WPG Advisers LLC lifted its position in Equinix by 51.7% during the fourth 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 period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of Equinix 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 sale, the chairman owned 7,370 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director owned 17,557 shares in the company, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 11,539 shares of company stock valued at $12,455,054. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX stock opened at $1,002.02 on Monday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The business’s 50-day moving average is $1,073.27 and its 200 day moving average is $959.52. 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 $98.82 billion, a price-to-earnings ratio of 69.34, a PEG ratio of 1.86 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) 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 analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,207.00 price target on shares of Equinix in a research report on Tuesday, May 5th. Citigroup boosted their price target on Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a report on Monday, June 29th. Guggenheim restated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Finally, Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,153.38.

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.