Danica Pension Livsforsikringsaktieselskab purchased a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,133 shares of the financial services provider's stock, valued at approximately $14,732,000.
Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock worth $425,000 after buying an additional 54 shares in the last quarter. Empowered Funds LLC lifted its holdings in Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock worth $2,487,000 after buying an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new stake in Equinix during the 2nd quarter valued at approximately $231,000. Finally, Brown Advisory Inc. boosted its position in Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock valued at $854,000 after acquiring an additional 29 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the transaction, the director owned 13,859 shares of the company's stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% 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. Insiders sold 9,891 shares of company stock worth $10,435,864 over the last three months. 0.27% of the stock is currently owned by corporate insiders.
Equinix Stock Performance
Shares of EQIX opened at $1,085.09 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business's 50 day moving average price is $1,050.91 and its 200-day moving average price is $1,018.57. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market cap of $107.07 billion, a P/E ratio of 69.87, a P/E/G ratio of 1.56 and a beta of 0.99.
Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is presently 132.90%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. HSBC restated a "buy" rating and set a $1,400.00 price target on shares of Equinix in a research report on Friday. UBS Group increased their price objective on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $1,270.00 price objective on shares of Equinix in a research report on Monday, August 3rd. Finally, Oppenheimer restated an "outperform" rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,203.40.
Read Our Latest Stock Analysis on EQIX
Equinix Company Profile
(
Free Report)
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.
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