Equinix, Inc. $EQIX Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,745 shares of the financial services provider’s stock after selling 512 shares during the quarter. Raiffeisen Bank International AG owned about 0.05% of Equinix worth $41,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. grew its stake in shares of Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares during the period. Princeton Global Asset Management LLC grew its stake in shares of Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the period. WPG Advisers LLC grew its stake in shares of Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares during the period. Activest Wealth Management boosted its position in shares of Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after buying an additional 22 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Equinix in the 4th quarter worth about $45,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director owned 17,557 shares in the company, valued at $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of Equinix 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 sale, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This represents a 41.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 11,539 shares of company stock worth $12,455,054. Company insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.5%

NASDAQ EQIX opened at $1,043.18 on Friday. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The company’s 50 day moving average price is $1,065.03 and its 200 day moving average price is $922.66. 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 firm has a market capitalization of $102.88 billion, a price-to-earnings ratio of 72.19, a PEG ratio of 1.95 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. The ex-dividend date is 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 currently 142.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EQIX shares. UBS Group boosted their price objective on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets boosted their price objective on shares of Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Scotiabank boosted their price objective on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Barclays raised their price target on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

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.