Equinix, Inc. $EQIX Stock Position Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,066 shares of the financial services provider’s stock after purchasing an additional 868 shares during the period. IFM Investors Pty Ltd’s holdings in Equinix were worth $38,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after buying an additional 107,227 shares in the last quarter. Cohen & Steers Inc. increased its stake in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after buying an additional 493,141 shares during the period. Geode Capital Management LLC raised its position in shares of Equinix by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after buying an additional 25,383 shares in the last quarter. Northern Trust Corp raised its position in shares of Equinix by 0.6% during the 4th quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock worth $1,149,628,000 after buying an additional 9,614 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Equinix in the 4th quarter worth approximately $984,355,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Down 3.9%

NASDAQ EQIX opened at $1,042.39 on Wednesday. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The company has a market capitalization of $102.80 billion, a P/E ratio of 72.14, a PEG ratio of 2.01 and a beta of 0.99. The company’s 50 day simple moving average is $1,078.93 and its 200 day simple moving average is $954.23. 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) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts expect that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the company’s 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 of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, 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

Several research analysts have recently issued reports on EQIX shares. Morgan Stanley increased their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Guggenheim restated a “buy” rating and issued a $1,235.00 target price on shares of Equinix in a research report on Wednesday, May 20th. Wells Fargo & Company increased their price target on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Citigroup lifted their price target on Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a research report on Monday. Finally, HSBC boosted their price objective on Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,152.50.

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.