Triglav Investments D.O.O. Decreases Stake in Equinix, Inc. $EQIX

Triglav Investments D.O.O. lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,500 shares of the financial services provider’s stock after selling 558 shares during the quarter. Triglav Investments D.O.O.’s holdings in Equinix were worth $4,411,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EQIX. SJS Investment Consulting Inc. raised its holdings in shares of Equinix by 27.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 9 shares in the last quarter. Avion Wealth increased its position in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the last quarter. Blue Trust Inc. raised its stake in Equinix by 1.3% during the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 12 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in 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 valued at $382,000 after purchasing an additional 13 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Equinix by 2.2% during 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 last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $1,051.21 on Monday. The stock has a market cap of $103.67 billion, a PE ratio of 72.75, a P/E/G ratio of 1.95 and a beta of 0.98. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The company has a 50-day moving average price of $1,066.16 and a 200 day moving average price of $969.08. 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 posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank boosted their target price on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Barclays lifted their target price on Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,155.64.

Insiders Place Their Bets

In other news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. Insiders have sold 11,115 shares of company stock worth $12,022,574 in the last 90 days. 0.27% of the stock is owned by insiders.

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.