Flputnam Investment Management Co. Sells 960 Shares of Equinix, Inc. $EQIX

Flputnam Investment Management Co. decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 74.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335 shares of the financial services provider’s stock after selling 960 shares during the period. Flputnam Investment Management Co.’s holdings in Equinix were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Douglas Lane & Associates LLC grew its stake in Equinix by 3.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after purchasing an additional 4,241 shares during the last quarter. JPMorgan Chase & Co. grew 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 purchasing an additional 588,967 shares during the last quarter. Foresight Group Ltd Liability Partnership grew its stake in Equinix by 10.0% in the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock valued at $20,425,000 after purchasing an additional 2,378 shares during the last quarter. Penserra Capital Management LLC grew its stake in Equinix by 29.9% in the third quarter. Penserra Capital Management LLC now owns 12,761 shares of the financial services provider’s stock valued at $9,994,000 after purchasing an additional 2,941 shares during the last quarter. Finally, Candriam S.C.A. boosted its stake in Equinix by 95.8% in the third quarter. Candriam S.C.A. now owns 84,128 shares of the financial services provider’s stock valued at $65,892,000 after acquiring an additional 41,159 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EQIX. Wells Fargo & Company raised their target price on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Truist Financial set a $1,215.00 price target on Equinix in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a research note on Tuesday, May 5th. Jefferies Financial Group increased their price target on Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group increased their price target on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 424 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total value of $432,480.00. Following the sale, the insider directly owned 9,970 shares of the company’s stock, valued at $10,169,400. This represents a 4.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the transaction, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,769 shares of company stock worth $14,191,079. Company insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.1%

Equinix stock opened at $1,068.04 on Friday. 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 business’s 50-day simple moving average is $1,047.60 and its two-hundred day simple moving average is $904.25. The company has a market cap of $105.33 billion, a PE ratio of 73.91, a PEG ratio of 2.01 and a beta of 1.01. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $9.67 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

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