Geode Capital Management LLC Purchases 25,383 Shares of Equinix, Inc. $EQIX

Geode Capital Management LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,567,830 shares of the financial services provider’s stock after purchasing an additional 25,383 shares during the quarter. Geode Capital Management LLC’s holdings in Equinix were worth $1,959,731,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Integrity Alliance LLC. increased its holdings in shares of Equinix by 36.2% in the fourth quarter. Integrity Alliance LLC. now owns 538 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 143 shares during the period. AlphaQuest LLC increased its holdings in shares of Equinix by 226.4% in the fourth quarter. AlphaQuest LLC now owns 1,805 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 1,252 shares during the period. Collaborative Wealth Managment Inc. bought a new position in shares of Equinix in the fourth quarter worth $250,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 13 shares during the period. Finally, Allstate Corp increased its holdings in shares of Equinix by 161.1% in the fourth quarter. Allstate Corp now owns 14,429 shares of the financial services provider’s stock worth $11,055,000 after purchasing an additional 8,903 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 0.1%

Shares of NASDAQ:EQIX opened at $1,069.44 on Friday. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The firm has a fifty day moving average of $1,045.71 and a 200 day moving average of $903.10. The firm has a market capitalization of $105.47 billion, a PE ratio of 74.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

Equinix (NASDAQ:EQIX) last announced its 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $9.67 earnings per share. The firm’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. As a group, research analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. This represents a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the sale, the chief executive officer owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,769 shares of company stock valued at $14,191,079. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EQIX shares. JPMorgan Chase & Co. upped their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. TD Cowen upped their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein began coverage on shares of Equinix in a report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price target on the stock. Evercore reiterated an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a research report on Tuesday, April 28th. Finally, Barclays upped their target price on shares of 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. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.