Equinix, Inc. $EQIX Shares Sold by Aew Capital Management L P

Aew Capital Management L P decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 120,245 shares of the financial services provider’s stock after selling 36,286 shares during the quarter. Equinix comprises 6.7% of Aew Capital Management L P’s portfolio, making the stock its 5th largest position. Aew Capital Management L P’s holdings in Equinix were worth $92,127,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQIX. Ameriflex Group Inc. increased its position in Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Princeton Global Asset Management LLC increased its stake 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 worth $32,000 after acquiring an additional 28 shares during the last quarter. WPG Advisers LLC increased its stake in Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 15 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 13 shares during the last quarter. Finally, Activest Wealth Management increased its stake in Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased 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. UBS Group increased their price objective on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their target price on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Stifel Nicolaus set a $1,075.00 target price on Equinix in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

Equinix Price Performance

EQIX opened at $1,065.06 on Thursday. The company has a fifty day simple moving average of $1,033.25 and a 200 day simple moving average of $892.67. The firm has a market cap of $105.04 billion, a price-to-earnings ratio of 73.71, a PEG ratio of 1.97 and a beta of 1.01. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $9.67 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts expect that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid 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 142.84%.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 584 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.69, for a total transaction of $563,962.96. Following the completion of the sale, the executive vice president owned 7,768 shares in the company, valued at $7,501,479.92. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,729 shares of company stock worth $11,980,800 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

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.