Canada Post Corp Registered Pension Plan Raises Stake in Equinix, Inc. $EQIX

Canada Post Corp Registered Pension Plan boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 41.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,776 shares of the financial services provider’s stock after purchasing an additional 520 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Equinix were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its position in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. WPG Advisers LLC boosted its position in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares in the last quarter. Finally, Activest Wealth Management boosted its position in Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 630 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider directly owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. This represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 584 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.69, for a total value of $563,962.96. Following the completion of the transaction, the executive vice president directly owned 7,768 shares of the company’s stock, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,604 shares of company stock worth $11,848,264. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Up 0.3%

Shares of EQIX stock opened at $1,062.62 on Tuesday. 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 company has a market cap of $104.80 billion, a price-to-earnings ratio of 73.54, a PEG ratio of 1.99 and a beta of 1.01. The stock has a 50 day simple moving average of $1,028.61 and a 200-day simple moving average of $889.27. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during 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%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts expect that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EQIX shares. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Oppenheimer restated an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, April 30th. Jefferies Financial Group upped their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets upped their price objective on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Guggenheim upped their price objective on Equinix from $985.00 to $1,235.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,143.60.

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.