Vanguard Personalized Indexing Management LLC Has $8 Million Stake in Equinix, Inc. $EQIX

Vanguard Personalized Indexing Management LLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.2% in the fourth quarter, Holdings Channel reports. The fund owned 10,437 shares of the financial services provider’s stock after selling 573 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Equinix were worth $7,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC lifted its position in Equinix by 2.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 13 shares during the last quarter. IFP Advisors Inc lifted its position in Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 13 shares during the last quarter. UMB Bank n.a. lifted its position in Equinix by 5.9% during the 4th quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 13 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in Equinix by 3.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 14 shares during the last quarter. Finally, Warwick Investment Management Inc. lifted its position in Equinix by 1.7% during the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Guggenheim reissued a “buy” rating and set a $1,235.00 target price on shares of Equinix in a research report on Wednesday, May 20th. Evercore reissued an “outperform” rating and set a $1,240.00 target price on shares of Equinix in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,207.00 target price on shares of Equinix in a research report on Tuesday, May 5th. Barclays upped their price objective on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Morgan Stanley upped their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,539 shares of company stock worth $12,455,054 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.8%

Shares of EQIX opened at $1,064.38 on Tuesday. The company has a 50-day simple moving average of $1,067.51 and a 200-day simple moving average of $926.97. The firm has a market capitalization of $104.97 billion, a P/E ratio of 73.66, a P/E/G ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced 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 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 firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio is currently 142.84%.

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.