Global Retirement Partners LLC Increases Holdings in Equinix, Inc. $EQIX

Global Retirement Partners LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 221.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,688 shares of the financial services provider’s stock after acquiring an additional 1,853 shares during the quarter. Global Retirement Partners LLC’s holdings in Equinix were worth $2,059,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Twin Capital Management Inc. purchased a new stake in shares of Equinix during the 4th quarter valued at about $1,169,000. Motco raised its position in shares of Equinix by 3.6% during the 4th quarter. Motco now owns 493 shares of the financial services provider’s stock valued at $378,000 after buying an additional 17 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Equinix during the 4th quarter valued at about $892,000. ABN Amro Investment Solutions raised its position in shares of Equinix by 23.6% during the 4th quarter. ABN Amro Investment Solutions now owns 26,710 shares of the financial services provider’s stock valued at $20,464,000 after buying an additional 5,107 shares in the last quarter. Finally, Rathbones Group PLC raised its position in shares of Equinix by 1.4% during the 4th quarter. Rathbones Group PLC now owns 222,037 shares of the financial services provider’s stock valued at $170,116,000 after buying an additional 3,081 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Performance

Equinix stock opened at $1,079.79 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68. The firm has a market capitalization of $106.49 billion, a P/E ratio of 74.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The company’s 50-day moving average is $1,037.82 and its 200 day moving average is $895.60.

Equinix (NASDAQ:EQIX) last posted 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. 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 analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $9.67 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts forecast that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

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

Analyst Ratings Changes

EQIX has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,207.00 target price on shares of Equinix in a research report on Tuesday, May 5th. Wells Fargo & Company upped their target price on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Evercore reissued an “outperform” rating and issued a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. Finally, HSBC increased their price objective on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Three equities research 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 MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 584 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.69, for a total value of $563,962.96. Following the transaction, the executive vice president directly owned 7,768 shares in the company, valued at $7,501,479.92. This represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the completion of the transaction, the chief executive officer owned 19,574 shares in the company, valued at $18,912,398.80. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 11,729 shares of company stock worth $11,980,800. 0.27% of the stock is owned by company insiders.

Equinix 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.