Equinix, Inc. $EQIX Stock Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,883 shares of the financial services provider’s stock after selling 3,167 shares during the quarter. Equinix makes up approximately 1.3% of Douglas Lane & Associates LLC’s portfolio, making the stock its 16th largest position. Douglas Lane & Associates LLC’s holdings in Equinix were worth $107,109,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Moore Capital Management LP boosted its holdings in Equinix by 235.7% during the 2nd quarter. Moore Capital Management LP now owns 7,675 shares of the financial services provider’s stock valued at $8,000,000 after acquiring an additional 5,389 shares during the period. Legal & General Group Plc purchased a new stake in shares of Equinix in the second quarter valued at approximately $1,181,260,000. Bamco Inc. NY bought a new position in Equinix in the second quarter worth approximately $203,930,000. Empowered Funds LLC bought a new stake in shares of Equinix in the second quarter valued at about $5,778,000. Finally, Corient Private Wealth LP raised its position in shares of Equinix by 20.9% in the 2nd quarter. Corient Private Wealth LP now owns 12,597 shares of the financial services provider’s stock worth $13,132,000 after acquiring an additional 2,181 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Shares of Equinix stock traded up $5.72 during trading on Friday, reaching $1,016.88. The company’s stock had a trading volume of 98,798 shares, compared to its average volume of 587,752. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The firm has a market cap of $100.34 billion, a PE ratio of 65.52, a P/E/G ratio of 1.47 and a beta of 0.98. The company has a 50-day moving average price of $1,042.39 and a two-hundred day moving average price of $1,048.21. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company posted $9.91 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Weiss Ratings downgraded Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. TD Cowen lifted their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays upped their target price on shares of Equinix from $1,130.00 to $1,135.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. Finally, HSBC reissued a “buy” rating and issued a $1,400.00 target price on shares of Equinix in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $1,206.96.

Insiders Place Their Bets

In other news, insider Michael Paladin sold 307 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider directly owned 2,450 shares in the company, valued at $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,770 shares of company stock valued at $4,884,197. Corporate insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.