Swedbank AB Has $100.75 Million Holdings in Equinix, Inc. $EQIX

Swedbank AB lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.4% in the first quarter, Holdings Channel.com reports. The firm owned 102,782 shares of the financial services provider’s stock after selling 10,619 shares during the period. Swedbank AB’s holdings in Equinix were worth $100,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQIX. Douglas Lane & Associates LLC grew its stake in shares of Equinix by 3.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after acquiring an additional 4,241 shares in the last quarter. Vanderbilt University lifted its position in shares of Equinix by 65.9% in the fourth quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after purchasing an additional 4,089 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Equinix by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after purchasing an additional 3,108 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in Equinix by 141.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. grew its position in Equinix by 305.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock valued at $9,015,000 after purchasing an additional 8,866 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director owned 17,557 shares in the company, valued at $18,615,511.53. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 11,115 shares of company stock valued at $12,022,574. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQIX. Citigroup lifted their target price on Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Oppenheimer reissued an “outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a research note on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Finally, Weiss Ratings downgraded Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $1,153.38.

Equinix Stock Up 2.4%

Equinix stock opened at $1,022.93 on Wednesday. The stock has a market cap of $100.88 billion, a P/E ratio of 70.79, a P/E/G ratio of 1.85 and a beta of 0.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company’s 50-day moving average price is $1,069.22 and its two-hundred day moving average price is $963.16.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $9.67 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts expect that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were paid a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s payout ratio is 142.84%.

About Equinix

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.