Swedbank AB Lowers Position in Equinix, Inc. $EQIX

Swedbank AB decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,401 shares of the financial services provider’s stock after selling 23,392 shares during the period. Swedbank AB’s holdings in Equinix were worth $86,883,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its stake in Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares during the period. Princeton Global Asset Management LLC boosted its stake in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after buying an additional 28 shares during the period. WPG Advisers LLC boosted its stake in Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares during the period. Cornerstone Planning Group LLC boosted its stake in Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares during the period. Finally, Activest Wealth Management raised its position in Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 0.1%

EQIX opened at $1,079.79 on Friday. The company has a market cap of $106.49 billion, a P/E ratio of 74.73, a P/E/G ratio of 2.03 and a beta of 1.01. The business’s 50-day moving average price is $1,037.82 and its 200-day moving average price is $895.60. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data 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 firm had revenue of $2.44 billion for 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%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EQIX shares. Citigroup restated an “outperform” rating on shares of Equinix in a research report on Thursday, April 30th. UBS Group raised their price target on Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company raised their price target on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Barclays raised their price target on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Truist Financial set a $1,215.00 price target on Equinix in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Transactions at Equinix

In other news, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total value of $1,049,293.20. Following the completion of the transaction, the chief executive officer owned 19,574 shares in the company, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,729 shares of company stock valued at $11,980,800. 0.27% of the stock is currently owned by corporate 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.