Trillium Asset Management LLC Has $16.79 Million Stock Holdings in Equinix, Inc. $EQIX

Trillium Asset Management LLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 18.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,497 shares of the financial services provider’s stock after selling 4,977 shares during the quarter. Trillium Asset Management LLC’s holdings in Equinix were worth $16,792,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EQIX. Ameriflex Group Inc. lifted its stake in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. WPG Advisers LLC lifted its stake in Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 15 shares during the last quarter. Activest Wealth Management lifted its stake in Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. Finally, Rossby Financial LCC lifted its stake in Equinix by 111.5% in the fourth quarter. Rossby Financial LCC now owns 55 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 29 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQIX. Truist Financial set a $1,215.00 target price on shares of Equinix in a research note on Friday, May 1st. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. Barclays boosted their price objective on shares of Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Guggenheim restated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Finally, Cantor Fitzgerald boosted their price objective on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the company’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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,539 shares of company stock valued at $12,455,054 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of Equinix stock opened at $1,055.85 on Friday. The firm has a fifty day simple moving average of $1,066.23 and a 200-day simple moving average of $923.59. 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. The stock has a market capitalization of $104.13 billion, a price-to-earnings ratio of 73.07, a PEG ratio of 1.96 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $9.67 earnings per share. Equinix’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed 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. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is presently 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.