Equinix, Inc. $EQIX Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,883 shares of the financial services provider’s stock after selling 1,243 shares during the period. New Age Alpha Advisors LLC’s holdings in Equinix were worth $11,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQIX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after buying an additional 953,001 shares in the last quarter. SG Americas Securities LLC raised its stake in Equinix by 377,167.4% in the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock valued at $549,190,000 after buying an additional 716,618 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 buying an additional 588,967 shares in the last quarter. Vanguard Group Inc. raised its stake in Equinix by 1.2% in the third quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider’s stock valued at $10,410,575,000 after buying an additional 162,638 shares in the last quarter. Finally, Woodline Partners LP raised its stake in Equinix by 1,512.2% in the third quarter. Woodline Partners LP now owns 170,199 shares of the financial services provider’s stock valued at $133,307,000 after buying an additional 159,642 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 424 shares of Equinix stock in a transaction that occurred 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. The trade was a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% 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. Insiders have sold 11,729 shares of company stock worth $11,980,800 in the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of analyst reports. Stifel Nicolaus set a $1,075.00 price target on Equinix in a research note on Thursday, February 12th. HSBC raised their price target on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Mizuho raised their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research note on Thursday, April 30th. Finally, Barclays raised their price target on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

Equinix Stock Performance

Shares of EQIX stock opened at $1,079.79 on Monday. The stock has a market capitalization of $106.49 billion, a PE ratio of 74.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The stock’s 50-day moving average price is $1,037.82 and its 200 day moving average price is $896.05. 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 results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.67 EPS. 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 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a $5.16 dividend. 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 payout ratio is currently 142.84%.

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.