Miller Howard Investments Inc. NY Buys 3,892 Shares of Equinix, Inc. $EQIX

Miller Howard Investments Inc. NY grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 82.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,614 shares of the financial services provider’s stock after purchasing an additional 3,892 shares during the period. Miller Howard Investments Inc. NY’s holdings in Equinix were worth $8,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its stake in Equinix by 2.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after buying an additional 13 shares during the period. IFP Advisors Inc grew its stake in Equinix by 2.2% in the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 13 shares during the period. UMB Bank n.a. grew its stake in Equinix by 5.9% in the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 13 shares during the period. Crestwood Advisors Group LLC increased its holdings in shares of Equinix by 3.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares in the last quarter. Finally, Warwick Investment Management Inc. increased its holdings in shares of Equinix by 1.7% during the fourth quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock valued at $706,000 after acquiring an additional 15 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EQIX shares. Evercore reiterated an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a report on Tuesday, April 28th. HSBC upped their price objective on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein initiated coverage on shares of Equinix in a research note on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a report on Tuesday, May 5th. Finally, Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Down 0.0%

Shares of NASDAQ:EQIX opened at $1,115.93 on Wednesday. The stock has a market cap of $110.05 billion, a price-to-earnings ratio of 77.23, a PEG ratio of 2.07 and a beta of 0.99. 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 $710.52 and a 12-month high of $1,128.68. The business’s 50 day moving average is $1,077.43 and its 200 day moving average is $942.12.

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

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.8%. Equinix’s dividend payout ratio is presently 142.84%.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the sale, the director owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The sale 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, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,539 shares of company stock worth $12,455,054. Company insiders own 0.27% of the company’s stock.

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.