Securian Asset Management Inc. Has $2.03 Million Stock Holdings in Equinix, Inc. $EQIX

Securian Asset Management Inc. trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 44.3% during the fourth quarter, Holdings Channel reports. The firm owned 2,646 shares of the financial services provider’s stock after selling 2,106 shares during the quarter. Securian Asset Management Inc.’s holdings in Equinix were worth $2,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Income Insurance Ltd acquired a new position in shares of Equinix in the 4th quarter valued at about $221,000. NewEdge Wealth LLC lifted its stake in shares of Equinix by 19.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,997 shares of the financial services provider’s stock valued at $2,297,000 after purchasing an additional 493 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Equinix by 59.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,122 shares of the financial services provider’s stock valued at $3,924,000 after purchasing an additional 1,918 shares during the period. Ballentine Partners LLC lifted its stake in shares of Equinix by 15.8% in the 4th quarter. Ballentine Partners LLC now owns 1,153 shares of the financial services provider’s stock valued at $883,000 after purchasing an additional 157 shares during the period. Finally, Generali Asset Management SPA SGR lifted its stake in shares of Equinix by 17.8% in the 4th quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock valued at $7,487,000 after purchasing an additional 1,478 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 584 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.69, for a total transaction of $563,962.96. Following the completion of the sale, the executive vice president directly owned 7,768 shares of the company’s stock, valued at approximately $7,501,479.92. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 424 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total value of $432,480.00. Following the completion of the transaction, the insider owned 9,970 shares in the company, valued at $10,169,400. The trade was a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,604 shares of company stock worth $11,848,264. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQIX. Truist Financial set a $1,215.00 price objective on Equinix in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and issued a $1,240.00 price objective on shares of Equinix in a research note on Tuesday, April 28th. Guggenheim boosted their price objective on Equinix from $985.00 to $1,235.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Zacks Research raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, HSBC boosted their target price on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Stock Performance

Shares of EQIX opened at $1,086.22 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50 day moving average price of $1,018.11 and a two-hundred day moving average price of $880.82. The firm has a market capitalization of $107.12 billion, a P/E ratio of 75.17, a P/E/G ratio of 2.02 and a beta of 1.01. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68.

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

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Equinix Company 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.