VIRGINIA RETIREMENT SYSTEMS ET Al Has $38.54 Million Stock Position in Equinix, Inc. $EQIX

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,304 shares of the financial services provider’s stock after buying an additional 4,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Equinix were worth $38,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. ESG Planning DBA Harper Investing lifted its position in shares of Equinix by 15.8% in the 4th quarter. ESG Planning DBA Harper Investing now owns 2,484 shares of the financial services provider’s stock worth $1,903,000 after acquiring an additional 338 shares during the period. AG2R LA Mondiale Gestion D Actifs lifted its position in shares of Equinix by 11.8% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 4,284 shares of the financial services provider’s stock worth $3,282,000 after acquiring an additional 453 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Equinix by 16.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 20,967 shares of the financial services provider’s stock worth $16,064,000 after acquiring an additional 2,894 shares during the period. Drive Wealth Management LLC lifted its position in shares of Equinix by 18.3% in the 4th quarter. Drive Wealth Management LLC now owns 531 shares of the financial services provider’s stock worth $407,000 after acquiring an additional 82 shares during the period. Finally, Income Insurance Ltd bought a new stake in shares of Equinix in the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $1,080.63 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $106.58 billion, a PE ratio of 74.78, a price-to-earnings-growth ratio of 2.04 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. The business has a 50 day simple moving average of $1,020.24 and a 200 day simple moving average of $882.59.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company posted $9.67 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Insider Transactions at Equinix

In other Equinix news, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares in the company, valued at approximately $10,418,079.48. The trade was a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 630 shares of Equinix stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. The trade was a 5.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 11,604 shares of company stock worth $11,848,264. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EQIX shares. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, April 30th. Morgan Stanley raised their price objective on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Evercore reiterated an “outperform” rating and issued a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. Citigroup reiterated an “outperform” rating on shares of Equinix in a research report on Thursday, April 30th. Finally, Jefferies Financial Group raised their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.