Equinix, Inc. $EQIX Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,087 shares of the financial services provider’s stock after selling 1,208 shares during the quarter. Sterling Capital Management LLC’s holdings in Equinix were worth $9,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Avion Wealth boosted its position in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after buying an additional 11 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after buying an additional 24 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of Equinix in the 2nd quarter valued at $34,000. Finally, Bogart Wealth LLC lifted its stake in shares of Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.3%

Shares of Equinix stock traded up $2.41 on Friday, reaching $955.03. 605,639 shares of the company’s stock were exchanged, compared to its average volume of 513,465. The company has a market capitalization of $94.23 billion, a P/E ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day moving average is $1,029.34 and its two-hundred day moving average is $1,048.97.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the business posted $9.91 EPS. Equinix’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the sale, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce initiated coverage on Equinix in a report on Tuesday. They issued an “outperform” rating and a $1,200.00 target price for the company. Rothschild & Co Redburn started coverage on Equinix in a report on Monday, September 21st. They set a “buy” rating and a $1,261.00 price target on the stock. Evercore reaffirmed an “outperform” rating and issued a $1,270.00 price objective (up from $1,240.00) on shares of Equinix in a research note on Tuesday, August 18th. Cantor Fitzgerald lifted their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein raised their price target on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,215.68.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.