Vectors Research Management LLC Has $2.52 Million Position in Equinix, Inc. $EQIX

Vectors Research Management LLC lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 36.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,570 shares of the financial services provider’s stock after selling 1,505 shares during the period. Vectors Research Management LLC’s holdings in Equinix were worth $2,519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Norges Bank acquired a new stake in shares of Equinix during the fourth quarter worth $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after purchasing an additional 953,001 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Equinix by 377,167.4% during the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock worth $549,190,000 after acquiring an additional 716,618 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after purchasing an additional 493,141 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Equinix by 30.0% during the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after acquiring an additional 252,964 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Scotiabank raised their target price on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Barclays boosted their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of 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, TD Cowen increased their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Three equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,155.64.

Equinix Stock Performance

Equinix stock opened at $1,022.60 on Thursday. The stock’s 50 day simple moving average is $1,062.87 and its two-hundred day simple moving average is $974.79. 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 stock has a market cap of $100.85 billion, a price-to-earnings ratio of 70.77, a PEG ratio of 1.90 and a beta of 0.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two 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 the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $9.67 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts expect that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

Insider Activity

In related news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares in the company, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% 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 11,115 shares of company stock valued at $12,022,574 in the last quarter. 0.27% of the stock is owned by company insiders.

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.