Equinix, Inc. $EQIX Stock Position Raised by Welch & Forbes LLC

Welch & Forbes LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,179 shares of the financial services provider’s stock after acquiring an additional 765 shares during the quarter. Welch & Forbes LLC’s holdings in Equinix were worth $19,291,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Cornerstone Planning Group LLC boosted its stake in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 13 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Equinix by 2.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 13 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 13 shares in the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 14 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Equinix by 2.3% in the third quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 15 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

EQIX opened at $1,068.04 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The stock has a fifty day moving average of $1,047.60 and a 200-day moving average of $904.25. The firm has a market capitalization of $105.33 billion, a P/E ratio of 73.91, a PEG ratio of 2.01 and a beta of 1.01.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 424 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total value of $432,480.00. Following the sale, the insider owned 9,970 shares of the company’s stock, valued at approximately $10,169,400. This represents a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,769 shares of company stock valued at $14,191,079 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQIX. UBS Group increased their target price on Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a report on Thursday, February 12th. HSBC increased their target price on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, April 27th. Barclays increased their target price on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a report on Thursday, April 30th. Finally, Mizuho increased their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Three 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

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.