Equinix, Inc. $EQIX Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 26.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,476 shares of the financial services provider’s stock after selling 899 shares during the period. Moran Wealth Management LLC’s holdings in Equinix were worth $2,427,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Equinix during the fourth quarter worth approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after purchasing an additional 953,001 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Equinix by 377,167.4% in the 4th quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock valued at $549,190,000 after purchasing an additional 716,618 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after purchasing an additional 493,141 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Equinix by 30.0% during the fourth quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock worth $838,798,000 after purchasing an additional 252,964 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EQIX shares. Scotiabank raised their target price 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. Guggenheim reaffirmed a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a report on Wednesday, May 20th. 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. Mizuho raised their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,153.38.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares in the company, valued at $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,539 shares of company stock worth $12,455,054. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

EQIX opened at $1,002.02 on Monday. The business has a 50 day moving average price of $1,073.27 and a two-hundred day moving average price of $959.52. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The company has a market cap of $98.82 billion, a PE ratio of 69.34, a P/E/G ratio of 1.86 and a beta of 0.98. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The firm 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%. Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, research analysts anticipate that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. Equinix’s dividend payout ratio is 142.84%.

Equinix 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.