Equinix, Inc. $EQIX Shares Bought by Avanza Fonder AB

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 boosted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,857 shares of the financial services provider's stock after buying an additional 534 shares during the period. Avanza Fonder AB's holdings in Equinix were worth $5,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its stake in Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after buying an additional 12 shares during the last quarter. Signaturefd LLC boosted its stake in Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after buying an additional 12 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after purchasing an additional 12 shares during the period. Gitterman Wealth Management LLC raised its holdings in shares of Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after purchasing an additional 12 shares during the period. Finally, Griffin Asset Management Inc. raised its holdings in shares of Equinix by 0.7% in the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after purchasing an additional 13 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Up 0.9%

EQIX stock traded up $6.82 during midday trading on Monday, hitting $798.07. 513,589 shares of the company's stock were exchanged, compared to its average volume of 603,776. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The firm has a 50 day moving average price of $781.41 and a 200-day moving average price of $818.17. The stock has a market capitalization of $78.10 billion, a price-to-earnings ratio of 78.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is currently 183.74%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on 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 transaction, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. The trade was 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EQIX shares. Mizuho cut their price objective on Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Dbs Bank upgraded Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Finally, Guggenheim started coverage on Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price on the stock. 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 stock. According to MarketBeat, Equinix currently has an average rating of "Buy" and a consensus price target of $962.52.

Equinix 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.