Metis Global Partners LLC Has $30.46 Million Stock Position in Equinix, Inc. $EQIX

Metis Global Partners LLC lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 8.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 39,756 shares of the financial services provider’s stock after buying an additional 3,169 shares during the period. Equinix accounts for approximately 0.7% of Metis Global Partners LLC’s holdings, making the stock its 22nd largest holding. Metis Global Partners LLC’s holdings in Equinix were worth $30,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its position in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC increased its position in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Equinix during the second quarter worth approximately $231,000. Finally, Brown Advisory Inc. increased its position in Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 2.0%

Shares of NASDAQ:EQIX opened at $1,038.33 on Thursday. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The stock has a market cap of $102.40 billion, a PE ratio of 71.86, a P/E/G ratio of 1.99 and a beta of 0.99. The business has a 50 day moving average of $1,063.77 and a 200-day moving average of $920.63. 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 (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $9.67 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

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 issued a dividend of $5.16 per share. 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 currently 142.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,207.00 price target on shares of Equinix in a research report on Tuesday, May 5th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Barclays boosted their price target on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Wells Fargo & Company boosted their price target on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus set a $1,075.00 price target on Equinix in a research report on Thursday, February 12th. 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’s stock. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Transactions at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares in the company, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 11,539 shares of company stock worth $12,455,054. 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.