Commonwealth Equity Services LLC Sells 505 Shares of Equinix, Inc. $EQIX

Commonwealth Equity Services LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,889 shares of the financial services provider’s stock after selling 505 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Equinix were worth $5,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Vanguard Group Inc. raised its position in shares of Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after purchasing an additional 107,227 shares during the period. JPMorgan Chase & Co. raised its position in shares of Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after purchasing an additional 588,967 shares during the period. Geode Capital Management LLC raised its position in shares of Equinix by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after purchasing an additional 25,383 shares during the period. Norges Bank bought a new position in shares of Equinix in the fourth quarter valued at about $984,355,000. Finally, Legal & General Group Plc raised its position in shares of Equinix by 10.5% in the fourth quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock valued at $946,724,000 after purchasing an additional 117,101 shares during the period. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EQIX shares. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,207.00 price objective on shares of Equinix in a research report on Tuesday, May 5th. TD Cowen increased their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, April 30th. Finally, Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Price Performance

NASDAQ:EQIX opened at $1,080.95 on Friday. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The firm has a market cap of $106.60 billion, a price-to-earnings ratio of 74.81, a P/E/G ratio of 2.03 and a beta of 0.99. The firm’s 50-day simple moving average is $1,058.36 and its 200 day simple moving average is $913.59. 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 (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm earned $9.67 earnings per share. Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors 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 dividend payout ratio (DPR) is currently 142.84%.

Insider Buying and Selling at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adaire Fox-Martin sold 1,086 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer directly owned 19,574 shares in the company, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,053 shares of company stock valued at $11,569,731 in the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Company 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.