Envestnet Portfolio Solutions Inc. Has $4.51 Million Holdings in Equinix, Inc. $EQIX

Envestnet Portfolio Solutions Inc. cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 16.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,892 shares of the financial services provider’s stock after selling 1,161 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Equinix were worth $4,514,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EQIX. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC increased 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 buying an additional 54 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 546 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Equinix during the second quarter worth $231,000. Finally, Brown Advisory Inc. increased its holdings 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 buying an additional 29 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. HSBC upped their price target 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. Cantor Fitzgerald increased their price objective on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup restated an “outperform” rating on shares of Equinix in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,207.00 price objective on shares of Equinix in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Stock Performance

NASDAQ EQIX opened at $1,078.42 on Friday. 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 stock has a fifty day simple moving average of $1,035.69 and a 200 day simple moving average of $894.31. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a market capitalization of $106.35 billion, a price-to-earnings ratio of 74.63, a PEG ratio of 2.00 and a beta of 1.01.

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. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $9.67 EPS. The business’s 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. Sell-side analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 424 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the completion of the sale, the insider directly owned 9,970 shares in the company, valued at approximately $10,169,400. This trade represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the sale, the chairman owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,729 shares of company stock worth $11,980,800. 0.27% of the stock is owned by insiders.

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.