Equinix, Inc. $EQIX Shares Acquired by National Pension Service

National Pension Service grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,330 shares of the financial services provider’s stock after purchasing an additional 13,874 shares during the quarter. National Pension Service’s holdings in Equinix were worth $239,295,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Douglas Lane & Associates LLC grew its position in shares of Equinix by 3.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after purchasing an additional 4,241 shares during the period. JPMorgan Chase & Co. grew its position in shares of Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after purchasing an additional 588,967 shares during the period. Foresight Group Ltd Liability Partnership grew its position in shares of Equinix by 10.0% in the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock valued at $20,425,000 after purchasing an additional 2,378 shares during the period. Penserra Capital Management LLC grew its position in shares of Equinix by 29.9% in the third quarter. Penserra Capital Management LLC now owns 12,761 shares of the financial services provider’s stock valued at $9,994,000 after purchasing an additional 2,941 shares during the period. Finally, Candriam S.C.A. grew its position in shares of Equinix by 95.8% in the third quarter. Candriam S.C.A. now owns 84,128 shares of the financial services provider’s stock valued at $65,892,000 after purchasing an additional 41,159 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,769 shares of company stock valued at $14,191,079 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of several research analyst reports. Stifel Nicolaus set a $1,075.00 target price on shares of Equinix in a research report on Thursday, February 12th. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research note on Thursday, April 30th. Scotiabank raised their price target on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Jefferies Financial Group raised their price target on shares of Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group raised their price target on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Price Performance

Shares of EQIX stock opened at $1,068.04 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50-day moving average is $1,047.60 and its two-hundred day moving average is $904.25. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The company has a market capitalization of $105.33 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $9.67 earnings per share. Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The company 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 dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s payout ratio is 142.84%.

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.