1,038 Shares in Equinix, Inc. $EQIX Bought by Eurizon SLJ Capital Ltd

Eurizon SLJ Capital Ltd bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,038 shares of the financial services provider’s stock, valued at approximately $795,000.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after acquiring an additional 107,227 shares during the period. JPMorgan Chase & Co. raised its holdings in Equinix by 25.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after acquiring an additional 588,967 shares during the period. Geode Capital Management LLC raised its holdings in Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after acquiring an additional 25,383 shares during the period. Principal Financial Group Inc. raised its holdings in Equinix by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock worth $1,542,595,000 after acquiring an additional 56,592 shares during the period. Finally, Legal & General Group Plc raised its holdings in Equinix by 10.5% in the 4th quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock worth $946,724,000 after acquiring an additional 117,101 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQIX. The Goldman Sachs Group lifted their target price on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Barclays boosted their price objective on shares of Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Wells Fargo & Company boosted their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. TD Cowen boosted their price objective 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. Finally, Mizuho boosted their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

Insiders Place Their Bets

In related news, 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 value of $1,049,293.20. Following the sale, the chief executive officer owned 19,574 shares of the company’s stock, valued at $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 424 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the completion of the sale, the insider directly owned 9,970 shares in the company, valued at approximately $10,169,400. The trade was a 4.08% 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. Insiders have sold a total of 13,769 shares of company stock valued at $14,191,079 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,068.04 on Friday. The firm’s 50-day moving average is $1,047.60 and its 200-day moving average is $904.25. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $105.33 billion, a price-to-earnings ratio of 73.91, a PEG ratio of 2.01 and a beta of 1.01.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm posted $9.67 EPS. The business’s 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. Equities research analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. 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 presently 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.