AlphaQuest LLC Grows Stake in Equinix, Inc. $EQIX

Key Points

• AlphaQuest LLC more than tripled its Equinix stake in the fourth quarter, boosting holdings by 226.4% to 1,805 shares worth about $1.38 million.
• Equinix reported strong quarterly earnings of $10.79 per share, well above estimates, while revenue rose 9.8% year over year to $2.44 billion. The company also issued FY 2026 EPS guidance of 42.31 to 43.11.
• The company declared a $5.16 quarterly dividend payable June 17, and analysts currently rate the stock a Moderate Buy with an average price target of $1,143.60.

AlphaQuest LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 226.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,805 shares of the financial services provider's stock after purchasing an additional 1,252 shares during the quarter. AlphaQuest LLC's holdings in Equinix were worth $1,383,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Equinix by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock valued at $10,265,706,000 after acquiring an additional 107,227 shares during the period. JPMorgan Chase & Co. raised its position in Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock valued at $2,252,094,000 after purchasing an additional 588,967 shares in the last quarter. Principal Financial Group Inc. raised its position in Equinix by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider's stock valued at $1,542,595,000 after purchasing an additional 56,592 shares in the last quarter. Legal & General Group Plc raised its position in shares of 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 in the last quarter. Finally, APG Asset Management US Inc. raised its position in shares of Equinix by 0.4% in the 3rd quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider's stock worth $937,530,000 after acquiring an additional 5,109 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on Equinix from $894.00 to $1,015.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Zacks Research lowered Equinix from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $1,207.00 target price on shares of Equinix in a research note on Tuesday, May 5th. Truist Financial set a $1,215.00 target price on Equinix in a research note on Friday, May 1st. Finally, Oppenheimer reiterated an "outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,143.60.

Equinix Price Performance

NASDAQ:EQIX opened at $1,070.22 on Thursday. The stock has a 50 day moving average price of $1,043.86 and a 200 day moving average price of $901.37. 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 cap of $105.55 billion, a PE ratio of 74.06, a P/E/G ratio of 2.03 and a beta of 1.01. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results 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. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $9.67 earnings per share. 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 Dividend Announcement

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 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 dividend yield of 1.9%. Equinix's payout ratio is presently 142.84%.

Insiders Place Their Bets

In related news, 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 value of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the transaction, the executive vice president owned 5,728 shares of the company's stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,769 shares of company stock valued at $14,191,079. 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.

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