Thrivent Financial for Lutherans Sells 1,755 Shares of Equinix, Inc. $EQIX

Thrivent Financial for Lutherans cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,136 shares of the financial services provider’s stock after selling 1,755 shares during the period. Thrivent Financial for Lutherans’ holdings in Equinix were worth $15,429,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Douglas Lane & Associates LLC grew its position in shares of Equinix by 3.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after buying an additional 4,241 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after acquiring an additional 588,967 shares in the last quarter. Chilton Capital Management LLC grew its holdings in Equinix by 5.1% in the third quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider’s stock worth $28,908,000 after purchasing an additional 1,805 shares during the last quarter. Foresight Group Ltd Liability Partnership increased its position in shares of Equinix by 10.0% during the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock worth $20,425,000 after purchasing an additional 2,378 shares in the last quarter. Finally, LBP AM SA lifted its holdings in shares of Equinix by 8.8% during the 3rd quarter. LBP AM SA now owns 66,723 shares of the financial services provider’s stock valued at $52,260,000 after purchasing an additional 5,383 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. BMO Capital Markets increased their price objective on shares of Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Mizuho boosted their target price 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. HSBC upped their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, TD Cowen raised their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 630 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the sale, the insider owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 584 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.69, for a total value of $563,962.96. Following the completion of the sale, the executive vice president directly owned 7,768 shares of the company’s stock, valued at $7,501,479.92. This trade represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,604 shares of company stock worth $11,848,264 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.3%

Equinix stock opened at $1,062.62 on Tuesday. The firm has a market cap of $104.80 billion, a PE ratio of 73.54, a P/E/G ratio of 1.99 and a beta of 1.01. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The stock’s 50 day simple moving average is $1,028.61 and its two-hundred day simple moving average is $889.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last posted its earnings results 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. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $9.67 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

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