Krilogy Financial LLC Sells 930 Shares of Equinix, Inc. $EQIX

Krilogy Financial LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 30.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,166 shares of the financial services provider’s stock after selling 930 shares during the period. Krilogy Financial LLC’s holdings in Equinix were worth $2,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC grew its position in shares of Equinix by 2.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 13 shares in the last quarter. IFP Advisors Inc lifted its holdings in Equinix by 2.2% in the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 13 shares in the last quarter. UMB Bank n.a. boosted its stake in Equinix by 5.9% in the 4th quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 13 shares during the period. Crestwood Advisors Group LLC boosted its stake in Equinix by 3.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 14 shares during the period. Finally, Warwick Investment Management Inc. grew its holdings in Equinix by 1.7% during the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock valued at $706,000 after buying an additional 15 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. This represents a 0.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,539 shares of company stock valued at $12,455,054 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EQIX shares. Mizuho boosted their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research note on Thursday, April 30th. Morgan Stanley increased their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Finally, Sanford C. Bernstein began coverage on Equinix in a research report 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, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Down 1.9%

NASDAQ EQIX opened at $1,095.00 on Thursday. The stock has a 50 day moving average price of $1,078.20 and a 200-day moving average price of $944.72. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. 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 company has a market capitalization of $107.99 billion, a P/E ratio of 75.78, a P/E/G ratio of 2.07 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts predict that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a $5.16 dividend. The ex-dividend date was 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 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.