Equinix, Inc. $EQIX Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.2% during the first quarter, Holdings Channel.com reports. The fund owned 1,204,470 shares of the financial services provider’s stock after selling 14,438 shares during the period. Dimensional Fund Advisors LP’s holdings in Equinix were worth $1,180,633,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Douglas Lane & Associates LLC increased its position in shares of Equinix by 3.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after buying an additional 4,241 shares in the last quarter. Vanderbilt University raised its stake in shares of Equinix by 65.9% during the 4th quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after buying an additional 4,089 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Equinix by 6.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock valued at $40,043,000 after buying an additional 3,108 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Equinix by 141.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock valued at $2,435,000 after buying an additional 1,860 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. grew its stake in Equinix by 305.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock valued at $9,015,000 after acquiring an additional 8,866 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Cantor Fitzgerald lifted their target price on shares of Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Guggenheim reissued a “buy” rating and set a $1,235.00 target price on shares of Equinix in a research note on Wednesday, May 20th. Mizuho upped their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Truist Financial set a $1,215.00 price objective on Equinix in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,155.64.

Equinix Stock Performance

Shares of EQIX stock opened at $1,020.00 on Monday. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $1,060.68 and its two-hundred day moving average is $978.32. The firm has a market capitalization of $100.59 billion, a P/E ratio of 70.59, a PEG ratio of 1.89 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. Research analysts expect that Equinix, Inc. will post 38.25 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. The trade was a 26.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% 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. Insiders sold a total of 11,115 shares of company stock worth $12,022,574 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Equinix 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.