Fideuram Asset Management Ireland dac Buys Shares of 1,142 Equinix, Inc. $EQIX

Fideuram Asset Management Ireland dac bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,142 shares of the financial services provider’s stock, valued at approximately $875,000.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. Ameriflex Group Inc. raised its position in shares of Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares in the last quarter. Princeton Global Asset Management LLC raised its position in shares of Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. WPG Advisers LLC raised its position in shares of Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 15 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 13 shares in the last quarter. Finally, Activest Wealth Management raised its position in shares of Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jonathan Lin sold 635 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 630 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider directly owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. The trade was a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,769 shares of company stock valued at $14,191,079. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EQIX. HSBC upped their price target on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Citigroup restated an “outperform” rating on shares of Equinix in a research note on Thursday, April 30th. Guggenheim restated a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Truist Financial set a $1,215.00 price objective on Equinix in a research note on Friday, May 1st. Finally, Sanford C. Bernstein began coverage on Equinix in a research note on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Price Performance

Shares of EQIX opened at $1,068.04 on Friday. The company has a market cap of $105.33 billion, a P/E ratio of 73.91, a PEG ratio of 2.01 and a beta of 1.01. The stock has a fifty day moving average price of $1,047.60 and a 200 day moving average price of $904.25. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued 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 firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared 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 of this dividend is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend 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.