Tredje AP fonden Has $19.51 Million Holdings in Equinix, Inc. $EQIX

Tredje AP fonden lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 25,460 shares of the financial services provider’s stock after acquiring an additional 1,126 shares during the period. Tredje AP fonden’s holdings in Equinix were worth $19,506,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 546 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Equinix during the 2nd quarter worth $231,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Stifel Nicolaus set a $1,075.00 price target on shares of Equinix in a report on Thursday, February 12th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their price objective on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Finally, Mizuho boosted their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Insider Buying and Selling at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $966.20, for a total value of $1,049,293.20. Following the completion of the transaction, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. This trade represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,604 shares of company stock valued at $11,848,264 over the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.3%

Shares of EQIX stock opened at $1,062.62 on Tuesday. The firm has a market capitalization of $104.80 billion, a P/E ratio of 73.54, a price-to-earnings-growth ratio of 1.99 and a beta of 1.01. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68. The firm’s fifty day simple moving average is $1,028.61 and its 200 day simple moving average is $889.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.