Davis Selected Advisers Reduces Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Davis Selected Advisers trimmed its stake in Equinix by 4.7% to 20,773 shares (worth $15.915M) in the quarter, and company insiders have sold about 6,380 shares (~$6.18M) in the last three months, modestly reducing insider ownership.
• Equinix's Q1 was mixed: it reported a massive EPS beat of $10.79 vs. $4.30 expected but revenue missed at $2.44B vs. $2.52B; management set FY2026 EPS guidance of 42.31–43.11 and analysts hold a consensus "Moderate Buy" with an average target near $1,119.92.
• The board declared a quarterly dividend of $5.16 (annualized $20.64, ~1.9% yield, payout ratio 142.8%), while the stock trades around $1,084 with a P/E of ~75 and is supported by hyperscaler AI spending and several recent analyst price-target raises.

Davis Selected Advisers reduced its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,773 shares of the financial services provider's stock after selling 1,030 shares during the period. Davis Selected Advisers' holdings in Equinix were worth $15,915,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Danske Bank A S boosted its holdings in shares of Equinix by 12.7% in the 4th quarter. Danske Bank A S now owns 78,445 shares of the financial services provider's stock valued at $60,101,000 after acquiring an additional 8,851 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Equinix by 0.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,779 shares of the financial services provider's stock valued at $4,428,000 after acquiring an additional 29 shares during the last quarter. Safe Harbor Family Capital LLC purchased a new stake in shares of Equinix in the 4th quarter valued at $730,000. Activest Wealth Management boosted its holdings in shares of Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of Equinix in the 4th quarter valued at $220,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

EQIX opened at $1,084.65 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.32. The firm has a fifty day moving average price of $1,004.95 and a 200 day moving average price of $870.86. The stock has a market cap of $106.97 billion, a P/E ratio of 75.06, a P/E/G ratio of 2.76 and a beta of 1.01. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts' consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix's dividend payout ratio is currently 142.84%.

Equinix News Roundup

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target to $1,186 and left an "overweight" rating — one of several recent bullish analyst moves that signal upside vs. the current price. Cantor Fitzgerald Price Target Raise
• Positive Sentiment: JPMorgan raised its target to $1,200 and kept an "overweight" call, adding institutional support for the rally. JPMorgan Price Target Raise
• Positive Sentiment: Citigroup raised its target to $1,240 and reiterated a "buy" stance, the most bullish of the recent broker notes and a clear upward catalyst. Citigroup Price Target Raise
• Positive Sentiment: Macro/sector tailwind — reported hyperscaler AI capital plans have topped ~$700B for 2026, supporting ongoing demand for colocation and interconnection services that benefit Equinix. Hyperscaler AI Spending
• Positive Sentiment: Board announced a quarterly dividend (record May 20; payable June 17) — adds an income component for shareholders and can support valuation.
• Neutral Sentiment: Goldman Sachs raised its target to $1,015 but kept a "neutral" rating; the target sits below current levels, signaling limited incremental upside from that house. Goldman Sachs Note
• Negative Sentiment: Q1 results were mixed: AFFO and revenue missed some estimates due to higher expenses and lower one‑time revenue, which triggered an earlier intraday sell-off and remains a short-term headwind. Analysts and investors will watch margin recovery and recurring bookings execution. Q1 Earnings Reaction

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EQIX shares. Oppenheimer reaffirmed an "outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday. BMO Capital Markets boosted their target price on shares of Equinix from $925.00 to $1,050.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Barclays boosted their target price on shares of 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. UBS Group boosted their target price on shares of Equinix from $950.00 to $1,010.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Equinix in a research note on Thursday, March 5th. They issued an "outperform" rating and a $1,128.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,119.92.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 630 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total transaction of $605,549.70. Following the completion of the transaction, the insider directly owned 10,394 shares in the company, valued at approximately $9,990,608.86. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company's stock in a transaction on 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 owned 19,574 shares of the company's stock, valued at $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 a total of 6,380 shares of company stock valued at $6,179,022 in the last three months. Company 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.

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