Douglas Lane & Associates LLC Decreases Position in Equinix, Inc. $EQIX

Douglas Lane & Associates LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,883 shares of the financial services provider's stock after selling 3,167 shares during the quarter. Equinix comprises approximately 1.3% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 16th biggest holding. Douglas Lane & Associates LLC owned about 0.11% of Equinix worth $107,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Elevation Wealth Partners LLC grew its holdings in Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 15 shares during the period. Avion Wealth lifted its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after acquiring an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 24 shares during the period. Trust Co. of Vermont bought a new stake in shares of Equinix in the second quarter worth about $34,000. Finally, Bogart Wealth LLC raised its holdings in Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider's stock worth $39,000 after buying an additional 28 shares during the period. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In other Equinix news, insider Michael Paladin sold 307 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider owned 2,450 shares in the company, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher Paisley sold 4,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,770 shares of company stock valued at $4,884,197 in the last three months. Insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of EQIX stock traded up $5.72 during trading on Friday, hitting $1,016.88. The company had a trading volume of 98,798 shares, compared to its average volume of 587,752. The stock's 50-day moving average price is $1,042.39 and its 200 day moving average price is $1,048.21. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $100.34 billion, a P/E ratio of 65.52, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts' consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were 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 was Wednesday, August 19th. Equinix's payout ratio is 132.90%.

Analyst Ratings Changes

EQIX has been the topic of a number of research reports. Truist Financial boosted their price target on Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a report on Friday, July 31st. Cantor Fitzgerald increased their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Rothschild & Co Redburn started coverage on Equinix in a report on Monday, September 21st. They issued a "buy" rating and a $1,261.00 price objective for the company. BTIG Research upped their target price on shares of Equinix from $1,210.00 to $1,240.00 and gave the company a "buy" rating in a report on Thursday, September 10th. Finally, Weiss Ratings lowered Equinix from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one 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 has a consensus rating of "Moderate Buy" and a consensus target price of $1,206.96.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company's services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.