UniSuper Management Pty Ltd Decreases Stake in Equinix, Inc. $EQIX

UniSuper Management Pty Ltd reduced its holdings in Equinix, Inc. (NASDAQ:EQIX) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,315 shares of the financial services provider’s stock after selling 2,902 shares during the period. UniSuper Management Pty Ltd’s holdings in Equinix were worth $42,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. lifted its stake in shares of Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 26 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after buying an additional 28 shares in the last quarter. WPG Advisers LLC lifted its stake in shares of Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after buying an additional 15 shares in the last quarter. Activest Wealth Management lifted its stake in shares of Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after buying an additional 22 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of Equinix in the fourth quarter worth about $45,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,539 shares of company stock valued at $12,455,054 in the last ninety days. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. BMO Capital Markets lifted their target price on shares of Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Price Performance

Shares of EQIX stock opened at $1,043.18 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 $1,065.03 and its two-hundred day moving average is $922.66. 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 $102.88 billion, a PE ratio of 72.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.

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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Equinix 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.