Equinix, Inc. $EQIX Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 35.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 285,617 shares of the financial services provider’s stock after selling 159,354 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Equinix were worth $218,828,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EQIX. Brighton Jones LLC grew its stake in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after buying an additional 54 shares during the period. Empowered Funds LLC grew its stake in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of Equinix in the 2nd quarter valued at approximately $231,000. Finally, Brown Advisory Inc. grew its stake in shares of Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore reissued an “outperform” rating and issued a $1,240.00 price target on shares of Equinix in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a research note on Tuesday, May 5th. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research note on Thursday, April 30th. Citigroup reissued a “buy” rating on shares of Equinix in a research note on Wednesday, June 3rd. Finally, Cantor Fitzgerald increased their price objective on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,539 shares of company stock valued at $12,455,054 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,055.85 on Friday. 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 stock has a market capitalization of $104.13 billion, a P/E ratio of 73.07, a PEG ratio of 1.99 and a beta of 0.99. The company has a 50 day moving average price of $1,066.23 and a 200 day moving average price of $923.59. 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 issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating 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 analysts’ expectations of $2.52 billion. During the same quarter last year, the company posted $9.67 EPS. The firm’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 forecast that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is 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.