Reaves W H & Co. Inc. Boosts Holdings in Equinix, Inc. $EQIX

Reaves W H & Co. Inc. grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,968 shares of the financial services provider’s stock after acquiring an additional 10,342 shares during the quarter. Equinix accounts for approximately 2.3% of Reaves W H & Co. Inc.’s holdings, making the stock its 17th biggest holding. Reaves W H & Co. Inc.’s holdings in Equinix were worth $129,457,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EQIX. Ameriflex Group Inc. raised its stake in shares of Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC grew its holdings in shares of Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of Equinix stock opened at $1,068.04 on Monday. 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’s fifty day simple moving average is $1,047.60 and its two-hundred day simple moving average is $904.78. The company has a market cap of $105.33 billion, a P/E ratio of 73.91, a PEG ratio of 2.01 and a beta of 0.99. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. HSBC raised their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Oppenheimer restated an “outperform” rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Cantor Fitzgerald boosted their price target on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Lin sold 635 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the transaction, the insider directly owned 10,788 shares in the company, valued at approximately $10,418,079.48. The trade was a 5.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 13,769 shares of company stock worth $14,191,079. 0.27% of the stock is owned by corporate 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.