Border to Coast Pensions Partnership Ltd Reduces Holdings in Equinix, Inc. $EQIX

Border to Coast Pensions Partnership Ltd reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.7% in the 1st quarter, HoldingsChannel reports. The firm owned 30,000 shares of the financial services provider’s stock after selling 2,500 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Equinix were worth $29,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. increased its position in 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 buying an additional 26 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Equinix in the fourth quarter worth $30,000. Princeton Global Asset Management LLC lifted its position 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 valued at $32,000 after acquiring an additional 28 shares in the last quarter. WPG Advisers LLC lifted its position 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 valued at $34,000 after acquiring an additional 15 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in shares of 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 acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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 sale, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,539 shares of company stock worth $12,455,054. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research report on Thursday, April 30th. Cantor Fitzgerald upped their target price on shares of Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,151.67.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,091.30 on Friday. The company has a market cap of $107.62 billion, a P/E ratio of 75.52, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The business has a fifty day simple moving average of $1,079.57 and a 200-day simple moving average of $948.17.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $9.67 earnings per share. The business’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. Equities research analysts forecast that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio 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.