Forsta AP Fonden Sells 860 Shares of Equinix, Inc. $EQIX

Forsta AP Fonden cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,440 shares of the financial services provider’s stock after selling 860 shares during the period. Forsta AP Fonden’s holdings in Equinix were worth $27,153,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EQIX. Douglas Lane & Associates LLC boosted its holdings in Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after acquiring an additional 4,241 shares during the period. JPMorgan Chase & Co. boosted its holdings in Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after acquiring an additional 588,967 shares during the period. Foresight Group Ltd Liability Partnership boosted its holdings in Equinix by 10.0% during the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock valued at $20,425,000 after acquiring an additional 2,378 shares during the period. Penserra Capital Management LLC boosted its holdings in Equinix by 29.9% during the third quarter. Penserra Capital Management LLC now owns 12,761 shares of the financial services provider’s stock valued at $9,994,000 after acquiring an additional 2,941 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Equinix by 95.8% during the third quarter. Candriam S.C.A. now owns 84,128 shares of the financial services provider’s stock valued at $65,892,000 after acquiring an additional 41,159 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 630 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider owned 10,394 shares of the company’s stock, valued at $9,990,608.86. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 13,769 shares of company stock valued at $14,191,079. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.1%

NASDAQ EQIX opened at $1,068.04 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50-day simple moving average of $1,047.60 and a 200 day simple moving average of $904.25. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The stock has a market cap of $105.33 billion, a PE ratio of 73.91, a PEG ratio of 2.01 and a beta of 1.01.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company earned $9.67 earnings per share. The firm’s revenue 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, research analysts forecast that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group increased their target price on shares of Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,207.00 target price on shares of Equinix in a research note on Tuesday, May 5th. Finally, Raymond James Financial upgraded shares of 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, twenty have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Company 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.