National Pension Service Has $331.29 Million Holdings in Equinix, Inc. $EQIX

National Pension Service decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,816 shares of the financial services provider’s stock after selling 1,434 shares during the quarter. National Pension Service owned approximately 0.32% of Equinix worth $331,288,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EQIX. Engineers Gate Manager LP grew its holdings in shares of Equinix by 116.2% during the second quarter. Engineers Gate Manager LP now owns 26,947 shares of the financial services provider’s stock worth $28,089,000 after purchasing an additional 14,482 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in Equinix by 6.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 269 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 16 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Equinix by 9.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 497 shares of the financial services provider’s stock valued at $518,000 after acquiring an additional 41 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Equinix by 16.1% during the second quarter. Integrated Wealth Concepts LLC now owns 2,060 shares of the financial services provider’s stock valued at $2,148,000 after acquiring an additional 286 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Equinix by 20.9% during the second quarter. IFP Advisors Inc now owns 699 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 121 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, insider Michael Paladin sold 307 shares of Equinix stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the sale, the insider owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the transaction, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

Shares of EQIX opened at $1,043.06 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $102.92 billion, a P/E ratio of 67.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The firm’s fifty day simple moving average is $1,043.48 and its two-hundred day simple moving average is $1,038.86. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, analysts predict that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,270.00 price objective on shares of Equinix in a report on Monday, August 3rd. Scotiabank reiterated a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. BTIG Research assumed coverage on Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price target for the company. Cantor Fitzgerald lifted their price objective on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus upped their target price on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,203.60.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.