Equinix, Inc. $EQIX Stock Position Decreased by Dearborn Partners LLC

Dearborn Partners LLC cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,651 shares of the financial services provider’s stock after selling 1,476 shares during the quarter. Dearborn Partners LLC’s holdings in Equinix were worth $17,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted 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 worth $10,265,706,000 after buying an additional 107,227 shares during the period. JPMorgan Chase & Co. boosted 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 worth $2,252,094,000 after buying an additional 588,967 shares during the period. Geode Capital Management LLC boosted 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 worth $1,959,731,000 after buying an additional 25,383 shares during the period. Norges Bank acquired a new stake in shares of Equinix in the fourth quarter worth $984,355,000. Finally, Legal & General Group Plc boosted 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 worth $946,724,000 after buying an additional 117,101 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $1,080.95 on Friday. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The stock’s 50-day moving average is $1,058.36 and its two-hundred day moving average is $913.59. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $106.60 billion, a P/E ratio of 74.81, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating 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 company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $9.67 earnings per share. The business’s 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. On average, analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders 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 yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,207.00 target price on shares of Equinix in a research report on Tuesday, May 5th. Jefferies Financial Group increased their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Scotiabank increased their price objective on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Morgan Stanley increased their price objective on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. increased their price objective on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Activity at Equinix

In other Equinix news, 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 $18,912,398.80. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $5,669,241.52. Following the transaction, the chairman owned 7,370 shares in the company, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,053 shares of company stock valued at $11,569,731. Insiders own 0.27% of the company’s stock.

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.