Twin Capital Management Inc. Has $2.06 Million Stock Holdings in Equinix, Inc. $EQIX

Twin Capital Management Inc. grew its position in Equinix, Inc. (NASDAQ:EQIX) by 37.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,101 shares of the financial services provider’s stock after purchasing an additional 575 shares during the quarter. Twin Capital Management Inc.’s holdings in Equinix were worth $2,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Equinix by 434.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 123 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 100 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH boosted its stake in Equinix by 5.2% during the 1st quarter. MASTERINVEST Kapitalanlage GmbH now owns 2,260 shares of the financial services provider’s stock valued at $2,215,000 after purchasing an additional 112 shares during the period. Sigma Planning Corp lifted its holdings in shares of Equinix by 40.6% during the first quarter. Sigma Planning Corp now owns 471 shares of the financial services provider’s stock worth $462,000 after buying an additional 136 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Equinix by 1.4% in the first quarter. Checchi Capital Advisers LLC now owns 1,119 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 15 shares during the period. Finally, Calamos Advisors LLC boosted its position in shares of Equinix by 8.4% in the first quarter. Calamos Advisors LLC now owns 13,946 shares of the financial services provider’s stock valued at $13,670,000 after acquiring an additional 1,083 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Down 0.1%

EQIX stock opened at $1,022.60 on Thursday. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $1,062.87 and its 200-day moving average is $974.79. The firm has a market cap of $100.85 billion, a P/E ratio of 70.77, a P/E/G ratio of 1.90 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EQIX shares. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target for the company in a report on Thursday, April 30th. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Truist Financial set a $1,215.00 price objective on Equinix in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Scotiabank boosted their price objective on Equinix from $1,050.00 to $1,120.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,155.64.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the sale, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,115 shares of company stock worth $12,022,574 over the last 90 days. 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.