Railway Pension Investments Ltd Sells 42,480 Shares of Equinix, Inc. $EQIX

Railway Pension Investments Ltd lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 20.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,989 shares of the financial services provider’s stock after selling 42,480 shares during the period. Equinix makes up approximately 2.1% of Railway Pension Investments Ltd’s holdings, making the stock its 17th biggest position. Railway Pension Investments Ltd’s holdings in Equinix were worth $170,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bamco Inc. NY acquired a new stake in shares of Equinix during the 2nd quarter worth approximately $203,930,000. Legal & General Group Plc bought a new position in Equinix during the 2nd quarter valued at about $1,181,260,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Equinix by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after acquiring an additional 3,108 shares in the last quarter. Adelante Capital Management LLC bought a new stake in shares of Equinix during the second quarter worth $129,154,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Equinix by 5,149.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock valued at $98,143,000 after acquiring an additional 125,657 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQIX has been the topic of several recent research reports. Stifel Nicolaus raised their price target on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Truist Financial upped their price objective on Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. HSBC reiterated a “buy” rating and issued a $1,400.00 target price on shares of Equinix in a research note on Friday, August 14th. Finally, TD Cowen upped their price objective on shares of Equinix from $1,143.00 to $1,166.00 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 issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus target price of $1,203.40.

Equinix Stock Performance

NASDAQ EQIX opened at $1,046.72 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $103.28 billion, a PE ratio of 67.40, a PEG ratio of 1.48 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The firm’s fifty day moving average price is $1,049.22 and its two-hundred day moving average price is $1,033.85.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the business posted $9.91 earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the director owned 13,859 shares of the company’s stock, valued at $14,126,201.52. This trade represents a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently 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.