Equinix (NASDAQ:EQIX) EVP Sells $2,210,278.80 in Stock

Equinix, Inc. (NASDAQ:EQIX) EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Raouf Abdel also recently made the following trade(s):

• On Thursday, March 12th, Raouf Abdel sold 584 shares of Equinix stock. The shares were sold at an average price of $965.69, for a total value of $563,962.96.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,069.44 on Friday. The firm has a market capitalization of $105.47 billion, a P/E ratio of 74.01, a P/E/G ratio of 2.01 and a beta of 1.01. The firm’s 50-day moving average price is $1,045.71 and its 200-day moving average price is $903.10. 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, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) 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 analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio is presently 142.84%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after purchasing an additional 107,227 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after purchasing an additional 588,967 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after purchasing an additional 493,141 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Equinix by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after purchasing an additional 25,383 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after purchasing an additional 27,643 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of several recent research reports. Barclays increased their price target on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Wells Fargo & Company increased their price target on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a report on Thursday, April 30th. Citigroup reiterated an “outperform” rating on shares of Equinix in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $1,075.00 price target on Equinix in a report on Thursday, February 12th. Three equities 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Company 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.