Danica Pension Livsforsikringsaktieselskab Buys Shares of 14,133 Equinix, Inc. $EQIX

Danica Pension Livsforsikringsaktieselskab purchased a new position in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, Holdings Channel reports. The firm purchased 14,133 shares of the financial services provider’s stock, valued at approximately $14,732,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avion Wealth increased its holdings in Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares in the last quarter. Elevation Wealth Partners LLC raised its position in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix during the 4th quarter valued at about $30,000. Physician Wealth Advisors Inc. lifted its stake in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Finally, WPG Advisers LLC boosted its holdings in shares of Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 15 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Trading Down 1.1%

Equinix stock opened at $1,085.09 on Wednesday. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a market cap of $107.07 billion, a P/E ratio of 69.87, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50-day simple moving average of $1,050.91 and a two-hundred day simple moving average of $1,018.57.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data 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. The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Analysts predict that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at $6,206,116.16. This trade represents a 26.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were 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 of the company’s stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,891 shares of company stock worth $10,435,864 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. TD Cowen increased their price objective on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 target price on shares of Equinix in a report on Thursday, July 30th. Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. Finally, UBS Group boosted their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

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.