Lansforsakringar Fondforvaltning AB publ Sells 898 Shares of Equinix, Inc. $EQIX

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Equinix, Inc. by 2.8% during Q1, owning 31,227 shares valued at $25.46 million after selling 898 shares.
• Equinix announced a quarterly dividend of $4.69 per share, reflecting an annual yield of 2.4%, with a payout ratio currently at 183.74%.
• Equinix's recent earnings report showed a significant earnings per share of $9.91, greatly exceeding the consensus estimate of $3.49, and a year-over-year revenue increase of 4.5%.

Lansforsakringar Fondforvaltning AB publ reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,227 shares of the financial services provider's stock after selling 898 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Equinix were worth $25,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EQIX. B. Metzler seel. Sohn & Co. AG increased its stake in Equinix by 39.4% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 8,563 shares of the financial services provider's stock worth $6,982,000 after acquiring an additional 2,420 shares during the period. Ieq Capital LLC lifted its position in Equinix by 14.4% during the first quarter. Ieq Capital LLC now owns 4,730 shares of the financial services provider's stock worth $3,857,000 after purchasing an additional 594 shares during the period. Warwick Investment Management Inc. bought a new stake in Equinix during the first quarter worth about $374,000. FORA Capital LLC acquired a new stake in Equinix during the first quarter worth about $6,016,000. Finally, Potomac Fund Management Inc. ADV increased its holdings in Equinix by 10.4% in the 1st quarter. Potomac Fund Management Inc. ADV now owns 1,354 shares of the financial services provider's stock valued at $1,047,000 after buying an additional 128 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective 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. Citigroup raised their target price on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Scotiabank dropped their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. Finally, BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Five investment 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's stock. According to data from MarketBeat, Equinix has an average rating of "Buy" and an average price target of $962.52.

Equinix Trading Down 0.0%

Shares of Equinix stock traded down $0.16 on Monday, hitting $786.19. The stock had a trading volume of 321,930 shares, compared to its average volume of 389,100. The stock has a 50 day moving average of $786.16 and a 200 day moving average of $832.52. The firm has a market capitalization of $76.94 billion, a P/E ratio of 77.00, a PEG ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. 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 earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company earned $9.22 EPS. The firm's revenue 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. Sell-side analysts expect 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 will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix's dividend payout ratio is presently 183.74%.

Insider Buying and Selling at Equinix

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 transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

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.