National Pension Service Sells 1,434 Shares of Equinix, Inc. $EQIX

National Pension Service lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 0.4% during the 2nd quarter, Holdings Channel reports. The fund owned 317,816 shares of the financial services provider’s stock after selling 1,434 shares during the period. National Pension Service’s holdings in Equinix were worth $331,288,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of Equinix by 111,586.7% during the second quarter. California State Teachers Retirement System now owns 155,285,881 shares of the financial services provider’s stock worth $161,868,449,000 after purchasing an additional 155,146,844 shares during the period. BlackRock Inc. bought a new stake in Equinix during the 2nd quarter valued at $11,930,074,000. Norges Bank bought a new stake in Equinix during the 4th quarter valued at $984,355,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after buying an additional 1,234,521 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Equinix during the second quarter worth $1,181,260,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. UBS Group raised their price target on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating and set a $1,270.00 price target on shares of Equinix in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,203.60.

Equinix Trading Up 0.2%

Shares of EQIX stock opened at $1,043.06 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $102.92 billion, a price-to-earnings ratio of 67.16, a PEG ratio of 1.49 and a beta of 0.99. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a 50-day simple moving average of $1,043.48 and a two-hundred day simple moving average of $1,038.86.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s payout ratio is currently 132.90%.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider directly owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,770 shares of company stock valued at $4,884,197. Insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.