Equinix, Inc. $EQIX Stake Decreased by Copeland Capital Management LLC

Copeland Capital Management LLC cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 93.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 867 shares of the financial services provider’s stock after selling 12,948 shares during the period. Copeland Capital Management LLC’s holdings in Equinix were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Brighton Jones LLC raised its position in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new stake in Equinix during the second quarter worth approximately $231,000. Finally, Brown Advisory Inc. raised its holdings in Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated 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 trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the sale, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 11,115 shares of company stock worth $12,022,574. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $1,020.00 on Friday. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The business’s fifty day moving average is $1,060.68 and its two-hundred day moving average is $976.83. The stock has a market capitalization of $100.59 billion, a P/E ratio of 70.59, a P/E/G ratio of 1.89 and a beta of 0.98. 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 (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 10.03% and a net margin of 15.07%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts forecast that Equinix, Inc. will post 38.25 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is 142.84%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Guggenheim reissued a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Morgan Stanley upped their price objective on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. JPMorgan Chase & Co. raised their target price on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, BTIG Research began coverage on Equinix in a report on Friday, July 10th. They set a “buy” rating and a $1,210.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,155.64.

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.