KLP Kapitalforvaltning AS Purchases 1,600 Shares of Equinix, Inc. $EQIX

KLP Kapitalforvaltning AS boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 37,468 shares of the financial services provider’s stock after buying an additional 1,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Equinix were worth $29,805,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its holdings in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 12 shares during the last quarter. Signaturefd LLC boosted its holdings in Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 12 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 12 shares during the last quarter. Gitterman Wealth Management LLC boosted its holdings in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. boosted its holdings in Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider’s stock valued at $1,444,000 after acquiring an additional 13 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.3%

NASDAQ:EQIX opened at $787.08 on Wednesday. The business’s 50-day simple moving average is $781.62 and its 200-day simple moving average is $813.44. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a market capitalization of $77.02 billion, a PE ratio of 77.09, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio is presently 183.74%.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EQIX shares. Scotiabank cut their target price on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 26th. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays increased their target price on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group cut their target price on Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $960.65.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.