Securian Asset Management Inc. Trims Position in Equinix, Inc. $EQIX

Securian Asset Management Inc. lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,116 shares of the financial services provider’s stock after selling 40 shares during the period. Securian Asset Management Inc.’s holdings in Equinix were worth $4,070,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after buying an additional 242,121 shares during the period. Valeo Financial Advisors LLC increased its stake in Equinix by 298,148.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after buying an additional 8,154,365 shares during the period. JPMorgan Chase & Co. increased its stake in Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after buying an additional 291,753 shares during the period. Northern Trust Corp increased its stake in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock worth $1,243,013,000 after buying an additional 40,734 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock worth $1,087,334,000 after buying an additional 25,290 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQIX. Zacks Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. UBS Group cut their target price on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. JMP Securities reissued a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Finally, Guggenheim began coverage on shares of Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 target price on the stock. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $960.14.

Equinix Stock Down 0.4%

NASDAQ:EQIX opened at $822.00 on Wednesday. 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 $80.44 billion, a P/E ratio of 80.51, a P/E/G ratio of 1.43 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company’s 50-day simple moving average is $788.19 and its 200-day simple moving average is $813.08.

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

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio (DPR) is currently 183.74%.

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred 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 owned 17,832 shares of the company’s stock, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

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.