Danske Bank A S Makes New $96.19 Million Investment in Equinix, Inc. $EQIX

Key Points

• Danske Bank acquired 92,279 Equinix shares worth approximately $96.2 million in the second quarter, while institutional investors and hedge funds collectively own 94.94% of the company.
• Analysts maintain a positive outlook, with Equinix receiving a consensus “Moderate Buy” rating and an average price target of $1,203.40.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and earnings of $11.78 per share—well above estimates. The company also declared a quarterly dividend of $5.16 per share, representing a 1.9% annualized yield.

Danske Bank A S bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 92,279 shares of the financial services provider's stock, valued at approximately $96,191,000. Danske Bank A S owned about 0.09% of Equinix as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 73 shares during the period. Integrated Wealth Concepts LLC raised its position in Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 54 shares during the last quarter. Empowered Funds LLC raised its position in Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock valued at $2,487,000 after purchasing an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in Equinix during the 2nd quarter worth $231,000. Finally, Brown Advisory Inc. boosted its stake in Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock worth $854,000 after purchasing an additional 29 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQIX. Stifel Nicolaus lifted their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Mizuho raised their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. The Goldman Sachs Group boosted their price target on Equinix from $894.00 to $1,015.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,340.00 price objective on shares of Equinix in a research note on Thursday, July 30th. Finally, TD Cowen increased their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,203.40.

Equinix Stock Down 1.1%

EQIX opened at $1,085.09 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The stock has a market capitalization 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. The business has a 50 day simple moving average of $1,050.91 and a 200-day simple moving average of $1,018.57.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts' consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.Equinix's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

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 paid a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix's dividend payout ratio is 132.90%.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the business's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider owned 6,132 shares of the company's stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,891 shares of company stock worth $10,435,864 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

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.

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