O Shaughnessy Asset Management LLC Has $7.52 Million Stock Holdings in Equinix, Inc. $EQIX

O Shaughnessy Asset Management LLC trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,810 shares of the financial services provider’s stock after selling 534 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Equinix were worth $7,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EQIX. Ameriflex Group Inc. boosted its holdings in Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. WPG Advisers LLC boosted its holdings in Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares in the last quarter. Activest Wealth Management boosted its holdings in Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in Equinix during the fourth quarter valued at approximately $45,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Down 2.0%

Shares of EQIX opened at $1,038.33 on Thursday. The company has a market capitalization of $102.40 billion, a P/E ratio of 71.86, a PEG ratio of 1.99 and a beta of 0.99. 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, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The business’s 50 day simple moving average is $1,063.77 and its 200-day simple moving average is $920.63.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping 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 return on equity of 10.03% and a net margin of 15.07%.Equinix’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is 142.84%.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director owned 17,557 shares in the company, valued at $18,615,511.53. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,539 shares of company stock worth $12,455,054. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a report on Tuesday, April 28th. Stifel Nicolaus set a $1,075.00 price objective on Equinix in a report on Thursday, February 12th. Truist Financial set a $1,215.00 price objective on Equinix in a report on Friday, May 1st. The Goldman Sachs Group lifted their target price on shares of Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald boosted their target price on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

About Equinix

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.