800 Equinix, Inc. $EQIX Shares Sold by Pensionfund PDN

Pensionfund PDN decreased its stake in Equinix, Inc. (NASDAQ:EQIX) by 5.6% in the third quarter, Holdings Channel.com reports. The firm owned 13,514 shares of the financial services provider’s stock after selling 800 shares during the period. Equinix comprises about 5.5% of Pensionfund PDN’s holdings, making the stock its 4th biggest position. Pensionfund PDN’s holdings in Equinix were worth $13,670,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Equinix during the 2nd quarter valued at $11,930,074,000. Cohen & Steers Inc. boosted its stake in Equinix by 23.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares during the period. Principal Financial Group Inc. increased its position in Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after acquiring an additional 27,643 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Equinix by 26,831.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after acquiring an additional 1,234,521 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Equinix in the 2nd quarter worth about $1,181,260,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. This trade represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,770 shares of company stock worth $4,884,197. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on EQIX. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research note on Thursday, July 30th. Scotiabank restated a “sector perform” rating and set a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. UBS Group upped their target price on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating and issued a $1,270.00 price target on shares of Equinix in a report on Tuesday, August 18th. Finally, Citigroup reissued a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,206.96.

Equinix Trading Down 0.7%

NASDAQ:EQIX traded down $6.92 during midday trading on Monday, hitting $1,018.80. The stock had a trading volume of 126,375 shares, compared to its average volume of 590,431. The stock has a 50-day moving average of $1,042.86 and a 200 day moving average of $1,046.59. The company has a market capitalization of $100.52 billion, a price-to-earnings ratio of 65.73, a PEG ratio of 1.47 and a beta of 0.98. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last issued its earnings results 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 business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is 132.90%.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.