BI Asset Management Fondsmaeglerselskab A S Acquires 2,310 Shares of Equinix, Inc. $EQIX

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 48.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,069 shares of the financial services provider’s stock after purchasing an additional 2,310 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Equinix were worth $6,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Ameriflex Group Inc. boosted its holdings in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix in the 4th quarter worth $30,000. Princeton Global Asset Management LLC raised its stake in Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after buying an additional 28 shares in the last quarter. WPG Advisers LLC lifted its stake in shares of Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares during the period. Finally, Activest Wealth Management boosted its position in shares of Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,092.19 on Monday. The business has a fifty day moving average price of $1,074.03 and a 200-day moving average price of $936.69. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $107.71 billion, a PE ratio of 75.58, a PEG ratio of 2.03 and a beta of 0.99. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts expect that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Insider Activity at Equinix

In other Equinix news, 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 value of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the transaction, the director owned 17,557 shares in the company, valued at $18,615,511.53. This trade represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 11,539 shares of company stock valued at $12,455,054. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of research reports. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Evercore restated an “outperform” rating and set a $1,240.00 target price on shares of Equinix in a report on Tuesday, April 28th. Citigroup reaffirmed a “buy” rating on shares of Equinix in a research report on Wednesday, June 3rd. Guggenheim reiterated a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

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.