Equinix, Inc. $EQIX Stock Holdings Decreased by Swedbank AB

Swedbank AB decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 50.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,793 shares of the financial services provider’s stock after selling 138,192 shares during the period. Swedbank AB owned about 0.14% of Equinix worth $107,142,000 as of its most recent filing with the SEC.

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

Insider Transactions at Equinix

In other Equinix news, insider Kurt Pletcher sold 290 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total transaction of $212,045.10. Following the sale, the insider directly owned 2,433 shares in the company, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,894 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the completion of the transaction, the chief executive officer owned 12,366 shares of the company’s stock, valued at $9,040,658.94. This trade represents a 18.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,704 shares of company stock worth $6,617,748 over the last ninety days. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of recent research reports. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Morgan Stanley assumed coverage on Equinix in a research note on Thursday, October 16th. They issued an “overweight” rating and a $950.00 target price for the company. Truist Financial increased their price target on Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $953.90.

Equinix Stock Performance

Shares of EQIX stock opened at $757.54 on Thursday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $964.73. 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 business has a 50 day simple moving average of $781.82 and a 200 day simple moving average of $792.43. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62.

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

Equinix Dividend Announcement

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

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.