3,856 Shares in Equinix, Inc. $EQIX Acquired by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Key Points

• Retail Employees Superannuation Trust opened a new position in Equinix, buying 3,856 shares worth about $2.95 million in the fourth quarter. The stake makes Equinix its 29th largest holding and about 0.8% of its portfolio.
• Equinix also saw notable insider selling, including sales by Jonathan Lin and Chairman Charles J. Meyers. Over the last 90 days, insiders sold 13,769 shares worth about $14.19 million.
• The company reported strong quarterly earnings, with EPS of $10.79 beating estimates, and it maintained a quarterly dividend of $5.16 per share. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average price target of $1,143.60.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,856 shares of the financial services provider's stock, valued at approximately $2,954,000. Equinix comprises 0.8% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after acquiring an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock worth $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC increased its position in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock worth $2,487,000 after acquiring an additional 546 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Equinix in the second quarter worth $231,000. Finally, Brown Advisory Inc. increased its position in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock worth $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other Equinix news, insider Jonathan Lin sold 635 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the transaction, the insider directly owned 10,788 shares in the company, valued at $10,418,079.48. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction on 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 transaction, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,769 shares of company stock worth $14,191,079 over the last ninety days. Insiders own 0.27% of the company's stock.

Equinix Price Performance

EQIX opened at $1,070.22 on Thursday. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market cap of $105.55 billion, a price-to-earnings ratio of 74.06, a PEG ratio of 2.03 and a beta of 1.01. The company has a fifty day simple moving average of $1,043.86 and a 200 day simple moving average of $901.37.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts' consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm 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 expect that Equinix, Inc. will post 37.72 EPS for the current fiscal 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. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix's dividend payout ratio is 142.84%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EQIX shares. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. 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. Morgan Stanley increased their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an "overweight" rating in a research report on Monday, April 13th. Scotiabank raised their price target on shares of Equinix from $1,050.00 to $1,120.00 and gave the company a "sector perform" rating in a report on Thursday, April 30th. Finally, Raymond James Financial raised shares of Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 price target for the company in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,143.60.

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.

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