1,208 Equinix, Inc. $EQIX Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,087 shares of the financial services provider’s stock after selling 1,208 shares during the quarter. Sterling Capital Management LLC’s holdings in Equinix were worth $9,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Avion Wealth grew its holdings in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 11 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares during the period. Trust Co. of Vermont bought a new position in shares of Equinix during the 2nd quarter worth $34,000. Finally, Bogart Wealth LLC raised its stake in Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial lifted their target price on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group lifted their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce began coverage on shares of Equinix in a research report on Tuesday. They set an “outperform” rating and a $1,200.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,270.00 target price (up from $1,207.00) on shares of Equinix in a research report on Monday, August 3rd. Finally, Evercore reaffirmed an “outperform” rating and set a $1,270.00 price objective (up from $1,240.00) on shares of Equinix in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,215.68.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 135 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,770 shares of company stock worth $4,884,197. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.3%

Shares of NASDAQ:EQIX traded up $2.41 during midday trading on Friday, reaching $955.03. The company’s stock had a trading volume of 605,639 shares, compared to its average volume of 513,465. The firm has a 50 day moving average of $1,029.34 and a 200-day moving average of $1,048.97. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm has a market capitalization of $94.23 billion, a P/E ratio of 61.50, a PEG ratio of 1.36 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $9.91 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.2%. Equinix’s payout ratio is 132.90%.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.