BI Asset Management Fondsmaeglerselskab A S Has $28.52 Million Holdings in Equinix, Inc. $EQIX

Key Points

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BI Asset Management Fondsmaeglerselskab A S raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 33.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,982 shares of the financial services provider's stock after acquiring an additional 8,720 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Equinix were worth $28,523,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Hsbc Holdings PLC increased its holdings in shares of Equinix by 6.6% during the first quarter. Hsbc Holdings PLC now owns 380,069 shares of the financial services provider's stock worth $309,636,000 after purchasing an additional 23,373 shares during the period. Quantbot Technologies LP bought a new position in shares of Equinix during the first quarter worth approximately $9,096,000. Korea Investment CORP increased its holdings in shares of Equinix by 1.4% during the first quarter. Korea Investment CORP now owns 79,508 shares of the financial services provider's stock worth $64,827,000 after purchasing an additional 1,103 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Equinix by 2.2% during the first quarter. Aptus Capital Advisors LLC now owns 911 shares of the financial services provider's stock worth $743,000 after purchasing an additional 20 shares during the period. Finally, Aviso Financial Inc. increased its holdings in shares of Equinix by 9.5% during the first quarter. Aviso Financial Inc. now owns 2,752 shares of the financial services provider's stock worth $2,244,000 after purchasing an additional 238 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EQIX. UBS Group lowered their target price on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. BMO Capital Markets cut shares of Equinix from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Wells Fargo & Company lowered their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Barclays raised their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Price Performance

Shares of NASDAQ EQIX traded up $14.28 during trading hours on Friday, hitting $786.47. 317,006 shares of the stock were exchanged, compared to its average volume of 461,883. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $76.96 billion, a PE ratio of 77.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company's fifty day simple moving average is $796.24 and its two-hundred day simple moving average is $839.14. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $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 predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix's dividend payout ratio (DPR) is currently 183.74%.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

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.