Swedbank AB Has $219.26 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• Swedbank AB has reduced its stake in Equinix, Inc. by 8.1%, selling 23,788 shares in the first quarter, leaving it with approximately 0.27% ownership valued at $219.26 million.
• Equinix recently declared a quarterly dividend of $4.69 per share, with an ex-dividend date of August 20th, translating to an annualized yield of 2.4%.
• Equinix's latest earnings report showed an EPS of $9.91, significantly surpassing expectations, with year-over-year revenue growth of 4.5%.

Swedbank AB trimmed its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,920 shares of the financial services provider's stock after selling 23,788 shares during the period. Swedbank AB owned approximately 0.27% of Equinix worth $219,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. bought a new stake in shares of Equinix in the 4th quarter worth $28,000. Activest Wealth Management grew its holdings in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after acquiring an additional 17 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Equinix in the 1st quarter valued at about $30,000. Pacific Center for Financial Services raised its holdings in shares of Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares in the last quarter. Finally, Saudi Central Bank acquired a new stake in shares of Equinix during the 1st quarter valued at $31,000. 94.94% of the stock is owned by institutional investors.

Equinix Stock Down 1.1%

Shares of EQIX stock traded down $8.87 on Friday, hitting $788.61. The company's stock had a trading volume of 367,783 shares, compared to its average volume of 378,613. The stock has a market capitalization of $77.17 billion, a price-to-earnings ratio of 77.24, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm's fifty day moving average price is $779.38 and its 200-day moving average price is $822.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts anticipate 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 dividend of $4.69 per share. The ex-dividend date of this dividend 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 is presently 183.74%.

Analyst Ratings Changes

EQIX has been the subject of a number of research analyst reports. Barclays increased their target price on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Scotiabank cut their target price on shares of 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. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Wall Street Zen lowered Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Stifel Nicolaus lowered their target price on 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. Five equities research 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 MarketBeat.com, Equinix presently has a consensus rating of "Buy" and a consensus price target of $962.52.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction 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 transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Equinix Profile

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.