Avanza Fonder AB Grows Stock Position in Equinix, Inc. $EQIX

Key Points

• Avanza Fonder AB increased its stock holdings in Equinix, Inc. by 8.4% during the second quarter, resulting in a total value of $5,455,000.
• Equinix recently announced a quarterly dividend of $4.69 per share, with a dividend yield of 2.4% and a payout ratio of 183.74%.
• Analyst ratings for Equinix show strong confidence, with several firms maintaining an "overweight" rating and a consensus price target of $962.52.

Avanza Fonder AB grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,857 shares of the financial services provider's stock after purchasing an additional 534 shares during the period. Avanza Fonder AB's holdings in Equinix were worth $5,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its stake in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after purchasing an additional 17 shares during the period. Pinney & Scofield Inc. purchased a new stake in Equinix during the fourth quarter worth about $28,000. Atticus Wealth Management LLC purchased a new stake in Equinix during the second quarter worth about $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix during the first quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new stake in shares of Equinix during the first quarter worth approximately $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Price Performance

EQIX stock traded up $5.01 during trading on Tuesday, hitting $803.08. The stock had a trading volume of 211,608 shares, compared to its average volume of 601,504. The company's 50 day moving average price is $782.16 and its two-hundred day moving average price is $817.74. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock has a market cap of $78.59 billion, a price-to-earnings ratio of 78.44, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix's payout ratio is 183.74%.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares of the company's stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on EQIX shares. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Truist Financial upped their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wells Fargo & Company dropped their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Barclays increased their price target on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Finally, Stifel Nicolaus dropped their price target on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $962.52.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.