Stephens Inc. AR Has $1.01 Million Position in Equinix, Inc. $EQIX

Stephens Inc. AR cut its stake in Equinix, Inc. (NASDAQ:EQIX) by 33.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,034 shares of the financial services provider’s stock after selling 522 shares during the quarter. Stephens Inc. AR’s holdings in Equinix were worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EQIX. Brighton Jones LLC lifted its position in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 54 shares during the period. Empowered Funds LLC grew its position in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Equinix in the second quarter valued at approximately $231,000. Finally, Brown Advisory Inc. increased its stake in shares of Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on EQIX shares. Barclays lifted their price target on Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. upped their price objective on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Scotiabank increased their price objective on 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. Evercore reissued an “outperform” rating and set a $1,240.00 target price on shares of Equinix in a report on Tuesday, April 28th. Finally, Morgan Stanley boosted their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,155.64.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the sale, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,115 shares of company stock valued at $12,022,574 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $1,051.21 on Friday. The company’s 50-day moving average price is $1,066.16 and its two-hundred day moving average price is $967.61. The firm has a market cap of $103.67 billion, a P/E ratio of 72.75, a P/E/G ratio of 1.92 and a beta of 0.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

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

About Equinix

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.