Nykredit A S Acquires New Stake in Equinix, Inc. $EQIX

Key Points

• Nykredit A/S acquired 39,658 Equinix shares during the second quarter, valued at approximately $41.3 million. Institutional investors collectively own 94.94% of the company, with several major funds recently initiating or expanding positions.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and earnings per share of $11.78, exceeding analyst expectations of $4.73. The company also issued a quarterly dividend of $5.16 per share, representing a 2.0% annualized yield.
• Analysts maintain a positive outlook, with Equinix receiving a “Moderate Buy” consensus rating and an average price target of $1,204.80, above its recent price of $1,021.34.

Nykredit A S bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,658 shares of the financial services provider's stock, valued at approximately $41,339,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EQIX. BlackRock Inc. purchased a new stake in Equinix during the second quarter valued at approximately $11,930,074,000. Norges Bank purchased a new position in Equinix during the fourth quarter valued at approximately $984,355,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Equinix by 26,831.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider's stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares during the period. Legal & General Group Plc bought a new position in shares of Equinix in the second quarter worth approximately $1,181,260,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Equinix in the second quarter worth $1,163,662,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Down 0.4%

NASDAQ EQIX opened at $1,021.34 on Friday. The stock has a 50 day moving average price of $1,043.53 and a 200-day moving average price of $1,041.54. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $100.78 billion, a P/E ratio of 65.77, a P/E/G ratio of 1.47 and a beta of 0.99.

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

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Equinix's dividend payout ratio is currently 132.90%.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Paladin sold 307 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares of the company's stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,770 shares of company stock valued at $4,884,197. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BTIG Research lifted their target price on shares of Equinix from $1,210.00 to $1,240.00 and gave the company a "buy" rating in a research note on Thursday, September 10th. Scotiabank reissued a "sector perform" rating and issued a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. UBS Group upped their price target on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Citigroup reaffirmed a "market outperform" rating on shares of Equinix in a report on Tuesday, August 4th. Finally, 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 report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Equinix has an average rating of "Moderate Buy" and an average price target of $1,204.80.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company's Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.

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