Evelyn Partners Investment Management LLP Lowers Stock Holdings in Equinix, Inc. $EQIX

Evelyn Partners Investment Management LLP lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 66.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284 shares of the financial services provider’s stock after selling 573 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Equinix were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cary Street Partners Investment Advisory LLC grew its position in shares of Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 13 shares during the period. IFP Advisors Inc grew its position in shares of Equinix by 2.2% in the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 13 shares during the period. UMB Bank n.a. grew its position in shares of Equinix by 5.9% in the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 13 shares during the period. Crestwood Advisors Group LLC grew its position in shares of Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 14 shares during the period. Finally, Warwick Investment Management Inc. grew its position in shares of Equinix by 1.7% in the fourth quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $1,055.85 on Monday. 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. The stock’s 50-day moving average is $1,066.23 and its two-hundred day moving average is $924.74. The stock has a market cap of $104.13 billion, a PE ratio of 73.07, a P/E/G ratio of 1.99 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $9.67 earnings per share. The company’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. Equities analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors 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 annualized dividend and a dividend yield of 2.0%. Equinix’s payout ratio is 142.84%.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the transaction, the director owned 17,557 shares in the company, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 11,539 shares of company stock worth $12,455,054. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein assumed coverage on Equinix in a research report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price target for the company. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays boosted their price target on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Guggenheim reissued a “buy” rating and set a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Finally, Citigroup reissued a “buy” rating on shares of Equinix in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

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.