Fjarde AP Fonden Fourth Swedish National Pension Fund Has $26.29 Million Holdings in Equinix, Inc. $EQIX

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 61.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 26,819 shares of the financial services provider’s stock after buying an additional 10,160 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Equinix were worth $26,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EQIX. SJS Investment Consulting Inc. raised its holdings in shares of Equinix by 27.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after buying an additional 9 shares in the last quarter. Blue Trust Inc. grew its position in Equinix by 1.3% during the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after acquiring an additional 12 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Equinix by 2.2% during the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 13 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Equinix by 2.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 13 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Equinix by 5.9% in the 4th quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,539 shares of company stock valued at $12,455,054 over the last quarter. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EQIX. Scotiabank lifted their target price on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,207.00 price target on shares of Equinix in a research report on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a research note on Tuesday, April 28th. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Finally, Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,153.38.

Equinix Price Performance

Shares of EQIX stock opened at $1,002.02 on Friday. The firm has a market cap of $98.82 billion, a P/E ratio of 69.34, a P/E/G ratio of 1.86 and a beta of 0.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The business’s 50 day moving average price is $1,073.27 and its 200-day moving average price is $958.14. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

About Equinix

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.