Equinix, Inc. $EQIX Holdings Trimmed by Swedbank AB

Swedbank AB cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 50.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 136,793 shares of the financial services provider’s stock after selling 138,192 shares during the quarter. Swedbank AB’s holdings in Equinix were worth $107,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares in the last quarter. Westside Investment Management Inc. grew its position in Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix in the second quarter valued at $26,000. Bank of Jackson Hole Trust lifted its position in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Finally, Abound Wealth Management boosted its stake in shares of Equinix by 209.1% during the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EQIX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Equinix in a report on Thursday, December 11th. Morgan Stanley began coverage on shares of Equinix in a report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 target price for the company. Cowen restated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Finally, Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $953.90.

Equinix Price Performance

NASDAQ EQIX opened at $757.54 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $74.38 billion, a price-to-earnings ratio of 69.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The company has a 50 day simple moving average of $781.82 and a 200-day simple moving average of $792.43. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $964.73.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, November 19th. Equinix’s payout ratio is currently 171.79%.

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 5,087 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $778.47, for a total value of $3,960,076.89. Following the transaction, the chairman directly owned 10,426 shares of the company’s stock, valued at $8,116,328.22. This represents a 32.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan Lin sold 124 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the sale, the insider directly owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,704 shares of company stock valued at $6,617,748 in the last three months. Company insiders own 0.27% of the company’s stock.

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.