PBU The Pension Fund of Early Childhood & Youth Educators Invests $16.55 Million in Equinix, Inc. $EQIX

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 21,599 shares of the financial services provider’s stock, valued at approximately $16,548,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. grew its stake in Equinix by 433.3% in the 3rd 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 grew its stake 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 valued at $32,000 after buying an additional 28 shares during the last quarter. WPG Advisers LLC grew its stake in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares during the last quarter. Finally, Activest Wealth Management grew its stake in Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after buying an additional 22 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares in the company, valued at approximately $7,998,145.10. This represents a 41.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Lin sold 635 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. This represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 11,053 shares of company stock worth $11,569,731. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho raised their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Barclays lifted their price target on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald lifted their price target on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Price Performance

Shares of Equinix stock opened at $1,080.95 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. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The firm has a fifty day moving average price of $1,058.36 and a two-hundred day moving average price of $913.59. The company has a market cap of $106.60 billion, a PE ratio of 74.81, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating 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 firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $9.67 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $5.16 dividend. The ex-dividend date is 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%.

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.