Equinix, Inc. $EQIX Shares Sold by GS Investments Inc.

GS Investments Inc. decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 55.7% during the 4th quarter, Holdings Channel reports. The firm owned 952 shares of the financial services provider’s stock after selling 1,197 shares during the quarter. GS Investments Inc.’s holdings in Equinix were worth $729,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Integrity Alliance LLC. grew its holdings in Equinix by 36.2% in the fourth quarter. Integrity Alliance LLC. now owns 538 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 143 shares during the last quarter. AlphaQuest LLC grew its holdings in Equinix by 226.4% in the fourth quarter. AlphaQuest LLC now owns 1,805 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 1,252 shares during the last quarter. Collaborative Wealth Managment Inc. acquired a new stake in Equinix in the fourth quarter valued at $250,000. Cary Street Partners Investment Advisory LLC grew its holdings in Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 13 shares during the last quarter. Finally, Allstate Corp grew its holdings in Equinix by 161.1% in the fourth quarter. Allstate Corp now owns 14,429 shares of the financial services provider’s stock valued at $11,055,000 after purchasing an additional 8,903 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In related news, CEO Adaire Fox-Martin sold 1,086 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer directly owned 19,574 shares in the company, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction dated 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 transaction, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,769 shares of company stock valued at $14,191,079 in the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of several research reports. TD Cowen upped their target price on Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald upped their target price on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein assumed coverage on Equinix in a research note on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. Finally, Guggenheim reaffirmed a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Down 0.2%

EQIX opened at $1,077.63 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market cap of $106.28 billion, a P/E ratio of 74.58, a PEG ratio of 2.03 and a beta of 1.01. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The business’s fifty day simple moving average is $1,042.14 and its 200 day simple moving average is $899.61.

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

Equinix Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio is 142.84%.

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.