Swedbank AB Raises Stock Position in Equinix, Inc. $EQIX

Key Points

• Swedbank AB increased its stake in Equinix by 2.3% in Q2, now holding 274,985 shares valued at approximately $218.74 million.
• Equinix's most recent quarterly earnings showed $9.91 EPS, significantly exceeding analysts' estimates of $3.49, with a reported revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, representing an annualized payout of $18.76 and a dividend yield of 2.4%.

Swedbank AB raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,985 shares of the financial services provider's stock after purchasing an additional 6,065 shares during the quarter. Swedbank AB owned approximately 0.28% of Equinix worth $218,742,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornerstone Planning Group LLC grew its holdings in shares of Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares during the last quarter. Signaturefd LLC grew 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 valued at $1,182,000 after purchasing an additional 12 shares during the period. AE Wealth Management LLC grew its stake in shares of Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after acquiring an additional 12 shares during the period. Gitterman Wealth Management LLC lifted its holdings in Equinix by 5.0% during 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 in the last quarter. 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 valued at $1,444,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EQIX shares. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Truist Financial lifted their price objective on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Scotiabank decreased their price target on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 26th. Bank of America cut their price target on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $962.52.

Insiders Place Their Bets

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

Equinix Price Performance

Shares of Equinix stock traded up $6.82 on Monday, hitting $798.07. The company's stock had a trading volume of 513,589 shares, compared to its average volume of 437,920. 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, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm has a fifty day moving average price of $782.16 and a 200-day moving average price of $817.74. The company 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 issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share 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 business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the firm posted $9.22 EPS. The business'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. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

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

About Equinix

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.