Stevens Capital Management LP Sells 2,379 Shares of Equinix, Inc. $EQIX

Key Points

• Stevens Capital Management LP cut its stake in Equinix by 39.7% in Q4, selling 2,379 shares and leaving it with 3,621 shares worth $2.774 million (about 1.0% of the firm's portfolio and its 26th largest holding).
• Equinix reported an EPS beat of $10.79 (vs. $4.30 expected) while revenue of $2.44 billion missed estimates; the company issued FY2026 EPS guidance of 42.310–43.110 and analysts maintain a generally bullish view with a consensus target near $1,131.60.

Stevens Capital Management LP decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 39.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,621 shares of the financial services provider's stock after selling 2,379 shares during the quarter. Equinix accounts for approximately 1.0% of Stevens Capital Management LP's investment portfolio, making the stock its 26th biggest holding. Stevens Capital Management LP's holdings in Equinix were worth $2,774,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EQIX. Brighton Jones LLC raised its stake in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock valued at $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC grew its holdings in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock worth $2,487,000 after buying an additional 546 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in Equinix during the second quarter worth $231,000. Finally, Brown Advisory Inc. raised its position in Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock valued at $854,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Down 0.4%

Shares of NASDAQ:EQIX opened at $1,078.46 on Wednesday. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68. The company has a market capitalization of $106.36 billion, a PE ratio of 74.63, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The business has a fifty day moving average price of $1,007.95 and a two-hundred day moving average price of $873.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results 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 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 firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

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

Analyst Ratings Changes

EQIX has been the topic of a number of analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Zacks Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 9th. UBS Group raised their price target on shares of Equinix from $950.00 to $1,010.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Cantor Fitzgerald boosted their price target on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Finally, Truist Financial set a $1,215.00 price objective on shares of Equinix in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,131.60.

Insider Activity

In other news, Chairman Charles J. Meyers sold 2,716 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $965.15, for a total transaction of $2,621,347.40. Following the completion of the transaction, the chairman directly owned 12,594 shares of the company's stock, valued at $12,155,099.10. This represents a 17.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the sale, the insider directly owned 10,788 shares in the company, valued at $10,418,079.48. This trade represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,380 shares of company stock worth $6,179,022. 0.27% of the stock is owned by insiders.

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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