Davis R M Inc. Trims Stake in Equinix, Inc. $EQIX

Davis R M Inc. cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,198 shares of the financial services provider’s stock after selling 675 shares during the period. Davis R M Inc.’s holdings in Equinix were worth $28,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lido Advisors LLC increased its stake in shares of Equinix by 66.0% in the 1st quarter. Lido Advisors LLC now owns 18,936 shares of the financial services provider’s stock worth $18,563,000 after purchasing an additional 7,528 shares in the last quarter. Walleye Capital LLC lifted its position in Equinix by 507.6% during the first quarter. Walleye Capital LLC now owns 59,262 shares of the financial services provider’s stock valued at $58,091,000 after purchasing an additional 49,509 shares in the last quarter. Dynamic Wealth Strategies LLC lifted its position in Equinix by 143.3% during the first quarter. Dynamic Wealth Strategies LLC now owns 73 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 43 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in Equinix by 5,678.3% during the first quarter. Prestige Wealth Management Group LLC now owns 1,329 shares of the financial services provider’s stock valued at $1,303,000 after purchasing an additional 1,306 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its position in Equinix by 2.0% in the first quarter. Lasalle Investment Management Securities LLC now owns 325,873 shares of the financial services provider’s stock worth $319,434,000 after buying an additional 6,488 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $1,028.74 on Thursday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company’s fifty day moving average price is $1,057.27 and its 200-day moving average price is $983.75. 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 company has a market capitalization of $101.45 billion, a PE ratio of 71.19, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current fiscal year.

Equinix Announces Dividend

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

Analysts Set New Price Targets

EQIX has been the topic of several recent research reports. HSBC raised their price objective on Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Barclays increased their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. BTIG Research started coverage on shares of Equinix in a report on Friday, July 10th. They set a “buy” rating and a $1,210.00 price target on the stock. Finally, Guggenheim reiterated a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,153.79.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the 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 transaction of $132,536.25. Following the completion of the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This represents a 26.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,115 shares of company stock worth $12,022,574. 0.27% of the stock is currently owned by company insiders.

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.