Equinix, Inc. $EQIX Shares Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 23.6% during the 4th quarter, Holdings Channel reports. The firm owned 26,710 shares of the financial services provider’s stock after purchasing an additional 5,107 shares during the period. ABN Amro Investment Solutions’ holdings in Equinix were worth $20,464,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EQIX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equinix by 408.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after acquiring an additional 953,001 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Equinix by 377,167.4% during the 4th quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock valued at $549,190,000 after acquiring an additional 716,618 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after acquiring an additional 588,967 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Equinix by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider’s stock valued at $10,410,575,000 after acquiring an additional 162,638 shares during the last quarter. Finally, Woodline Partners LP lifted its position in shares of Equinix by 1,512.2% during the 3rd quarter. Woodline Partners LP now owns 170,199 shares of the financial services provider’s stock valued at $133,307,000 after acquiring an additional 159,642 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Up 1.6%

NASDAQ EQIX opened at $1,065.06 on Thursday. Equinix, Inc. has a 1-year low of $710.52 and a 1-year 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. The company has a market capitalization of $105.04 billion, a PE ratio of 73.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The firm’s fifty day simple moving average is $1,033.25 and its 200-day simple moving average is $892.67.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $9.67 earnings per share. Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio is 142.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Mizuho increased their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group increased their price objective on Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. 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 objective for the company. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Citigroup restated an “outperform” rating on shares of Equinix in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Insiders Place Their Bets

In other news, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. This represents a 41.48% 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. Also, EVP Raouf Abdel sold 584 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 7,768 shares in the company, valued at $7,501,479.92. The trade was a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,729 shares of company stock valued at $11,980,800 in the last three months. Company insiders own 0.27% of the company’s stock.

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.