Equinix, Inc. $EQIX Stock Position Increased by Twin Capital Management Inc.

Twin Capital Management Inc. boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 37.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,101 shares of the financial services provider’s stock after buying an additional 575 shares during the quarter. Twin Capital Management Inc.’s holdings in Equinix were worth $2,059,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EQIX. SJS Investment Consulting Inc. grew its stake in shares of Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 9 shares during the last quarter. Avion Wealth boosted its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after buying an additional 12 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Equinix by 2.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 13 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 13 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX stock opened at $1,022.60 on Thursday. The firm has a 50 day simple moving average of $1,062.87 and a 200 day simple moving average of $974.79. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market cap of $100.85 billion, a P/E ratio of 70.77, a P/E/G ratio of 1.90 and a beta of 0.98. 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 released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating 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 company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This trade represents a 26.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 11,115 shares of company stock worth $12,022,574. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQIX. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley boosted their price objective on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Guggenheim reiterated a “buy” rating and issued a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. Finally, HSBC lifted their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $1,155.64.

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.