Keybank National Association OH Trims Stock Holdings in Equinix, Inc. $EQIX

Key Points

• KeyBank National Association OH cut its Equinix stake by 50.7% in Q4, selling 4,536 shares and retaining 4,416 shares valued at about $3.383 million.
• Equinix reported a Q1 EPS beat of $10.79 versus $4.30 expected but missed revenue at $2.44 billion versus $2.52 billion, and issued FY2026 guidance of 42.310–43.110 EPS.
• Several brokers raised price targets (Citigroup $1,240; JPMorgan $1,200; Cantor Fitzgerald $1,186), insiders sold roughly 6,380 shares over three months, and the board declared a quarterly dividend of $5.16 (annualized $20.64, ~1.9% yield).

Keybank National Association OH decreased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,416 shares of the financial services provider's stock after selling 4,536 shares during the quarter. Keybank National Association OH's holdings in Equinix were worth $3,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. Ameriflex Group Inc. grew its position in shares of Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider's stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Princeton Global Asset Management LLC grew its position in shares of Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider's stock worth $32,000 after purchasing an additional 28 shares in the last quarter. WPG Advisers LLC grew its position in shares of Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider's stock worth $34,000 after purchasing an additional 15 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Equinix during the third quarter worth about $37,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider's stock worth $37,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Price Performance

NASDAQ:EQIX opened at $1,084.65 on Friday. The firm has a market capitalization of $106.97 billion, a price-to-earnings ratio of 75.06, a PEG 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. The business has a 50 day simple moving average of $1,004.95 and a 200-day simple moving average of $870.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.32.

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 (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts forecast that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix's dividend payout ratio (DPR) is presently 142.84%.

Trending Headlines about Equinix

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

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 424 shares of the firm's 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 completion of the sale, the insider directly owned 9,970 shares of the company's stock, valued at $10,169,400. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Lin sold 635 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the sale, the insider directly owned 10,788 shares of the company's stock, valued at $10,418,079.48. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,380 shares of company stock worth $6,179,022. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQIX. Stifel Nicolaus set a $1,075.00 target price on Equinix in a research report on Thursday, February 12th. UBS Group increased their price target on Equinix from $950.00 to $1,010.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. BMO Capital Markets increased their price target on Equinix from $925.00 to $1,050.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Raymond James Financial raised Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 price target for the company in a research note on Thursday. Finally, Citigroup reissued an "outperform" rating on shares of Equinix in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,119.92.

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.

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