Andra AP fonden Increases Position in Equinix, Inc. $EQIX

Andra AP fonden boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 232.7% during the first quarter, Holdings Channel reports. The fund owned 8,375 shares of the financial services provider’s stock after acquiring an additional 5,858 shares during the period. Andra AP fonden’s holdings in Equinix were worth $8,210,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Equinix in the 4th quarter worth approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after purchasing an additional 953,001 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after purchasing an additional 493,141 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Equinix by 30.0% during the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after purchasing an additional 252,964 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Equinix by 709.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 286,288 shares of the financial services provider’s stock worth $219,342,000 after purchasing an additional 250,914 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the sale, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,115 shares of company stock valued at $12,022,574. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

Shares of Equinix stock opened at $1,028.74 on Thursday. The company’s fifty day simple moving average is $1,057.27 and its two-hundred day simple moving average is $983.75. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm has a market cap of $101.45 billion, a PE ratio of 71.19, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last 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 38.25 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s dividend payout ratio is 142.84%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EQIX shares. Wells Fargo & Company boosted their price target on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. BTIG Research assumed coverage on Equinix in a report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price objective on the stock. Morgan Stanley boosted their target price on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Mizuho increased their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, TD Cowen increased their target price on Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,153.79.

About Equinix

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.