Equinix, Inc. $EQIX Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 73.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,785 shares of the financial services provider’s stock after selling 267,808 shares during the period. Macquarie Group Ltd.’s holdings in Equinix were worth $74,153,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EQIX. Ameriflex Group Inc. boosted its stake in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares during the period. Princeton Global Asset Management LLC boosted its stake in Equinix by 200.0% during the 4th 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 period. WPG Advisers LLC boosted its stake in Equinix by 51.7% during the 4th 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 period. Activest Wealth Management boosted its stake in Equinix by 81.5% during the 4th 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 period. Finally, Rossby Financial LCC raised its position in Equinix by 111.5% during the 4th quarter. Rossby Financial LCC now owns 55 shares of the financial services provider’s stock worth $42,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Up 1.2%

Shares of Equinix stock opened at $1,055.85 on Friday. The company has a market cap of $104.13 billion, a P/E ratio of 73.07, a PEG ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The firm has a fifty day moving average of $1,066.23 and a two-hundred day moving average of $923.59.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results 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 during 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 business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current 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 issued 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 dividend payout ratio (DPR) is currently 142.84%.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research report on Thursday, April 30th. Wells Fargo & Company upped their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. TD Cowen upped their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. HSBC upped their price objective on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Mizuho upped their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This represents a 26.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,539 shares of company stock worth $12,455,054. 0.27% of the stock is owned by company insiders.

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.