Welch & Forbes LLC Buys 765 Shares of Equinix, Inc. $EQIX

Welch & Forbes LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,179 shares of the financial services provider’s stock after acquiring an additional 765 shares during the quarter. Welch & Forbes LLC’s holdings in Equinix were worth $19,291,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EQIX. Ameriflex Group Inc. raised its holdings in Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. WPG Advisers LLC raised its holdings in Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after buying an additional 22 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total value of $1,049,293.20. Following the completion of the transaction, the chief executive officer owned 19,574 shares in the company, valued at $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,769 shares of company stock valued at $14,191,079 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EQIX shares. Citigroup restated an “outperform” rating on shares of Equinix in a report on Thursday, April 30th. Cantor Fitzgerald raised their target price on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. HSBC raised their target price on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, April 27th. Oppenheimer restated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Finally, TD Cowen raised their target price on Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Trading 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 200-day simple moving average is $904.25. The firm has a market capitalization 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 52 week low of $710.52 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 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts forecast that Equinix, Inc. will post 37.72 earnings per share 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 paid a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s payout ratio is presently 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.