Twin Capital Management Inc. Acquires Shares of 1,526 Equinix, Inc. $EQIX

Twin Capital Management Inc. acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,526 shares of the financial services provider’s stock, valued at approximately $1,169,000.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. grew its holdings 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 purchasing an additional 26 shares during the period. Princeton Global Asset Management LLC grew its holdings in Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares during the period. WPG Advisers LLC grew its holdings in Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 13 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in shares of Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

NASDAQ EQIX opened at $1,078.42 on Friday. The stock’s fifty day moving average is $1,035.69 and its two-hundred day moving average is $894.31. The firm has a market capitalization of $106.35 billion, a P/E ratio of 74.63, a price-to-earnings-growth ratio of 2.00 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, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.

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, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

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

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of research analyst reports. UBS Group lifted their price target on Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Jefferies Financial Group lifted their price target on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research note on Thursday, April 30th. Mizuho lifted their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets lifted their price target on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 630 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total transaction of $605,549.70. Following the transaction, the insider owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the sale, the insider owned 10,788 shares in the company, valued at $10,418,079.48. This represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,729 shares of company stock valued at $11,980,800 in the last three months. Company insiders own 0.27% of the company’s stock.

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.