Heritage Investors Management Corp Reduces Position in Equinix, Inc. $EQIX

Heritage Investors Management Corp decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,724 shares of the financial services provider’s stock after selling 665 shares during the quarter. Heritage Investors Management Corp’s holdings in Equinix were worth $29,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Physician Wealth Advisors Inc. increased 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. Root Financial Partners LLC boosted its stake in shares of Equinix by 419.0% during the 1st quarter. Root Financial Partners LLC now owns 109 shares of the financial services provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. USS Investment Management Ltd boosted its stake in shares of Equinix by 4.9% during the 1st quarter. USS Investment Management Ltd now owns 18,946 shares of the financial services provider’s stock valued at $18,569,000 after buying an additional 885 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Equinix by 2.3% during the first quarter. IFM Investors Pty Ltd now owns 39,066 shares of the financial services provider’s stock worth $38,294,000 after buying an additional 868 shares in the last quarter. Finally, Severin Investments LLC acquired a new stake in shares of Equinix during the first quarter worth approximately $371,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This 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 90 days, insiders sold 11,539 shares of company stock valued at $12,455,054. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,002.02 on Friday. The company has a market cap of $98.82 billion, a PE ratio of 69.34, a P/E/G ratio of 1.88 and a beta of 0.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The firm has a 50-day simple moving average of $1,075.27 and a 200 day simple moving average of $957.83. 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 posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.52 billion. During the same period in the prior year, the company earned $9.67 earnings per share. The business’s 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. On average, sell-side analysts anticipate that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EQIX. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. TD Cowen raised their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. HSBC boosted their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Sanford C. Bernstein assumed coverage on shares of Equinix in a research report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price target on the stock. Finally, Cantor Fitzgerald lifted their price target on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,153.38.

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.