Dimensional Fund Advisors LP Sells 14,438 Shares of Equinix, Inc. $EQIX

Dimensional Fund Advisors LP decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,204,470 shares of the financial services provider’s stock after selling 14,438 shares during the period. Dimensional Fund Advisors LP owned 1.22% of Equinix worth $1,180,633,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC raised its stake in Equinix by 3.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after buying an additional 4,241 shares during the last quarter. Vanderbilt University grew its stake in shares of Equinix by 65.9% during the fourth quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after acquiring an additional 4,089 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Equinix by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after acquiring an additional 3,108 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Equinix by 141.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock valued at $2,435,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Equinix by 305.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock valued at $9,015,000 after purchasing an additional 8,866 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

EQIX opened at $1,020.00 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm has a 50 day moving average of $1,060.68 and a two-hundred day moving average of $978.32. The firm has a market capitalization of $100.59 billion, a PE ratio of 70.59, a P/E/G ratio of 1.89 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated 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 transaction, the director owned 17,557 shares in the company, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,115 shares of company stock valued at $12,022,574 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Evercore reiterated an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a research note on Tuesday, April 28th. BTIG Research assumed coverage on shares of Equinix in a report on Friday, July 10th. They set a “buy” rating and a $1,210.00 price objective on the stock. Finally, TD Cowen upped their target price on Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,155.64.

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.