Avanza Fonder AB Acquires 534 Shares of Equinix, Inc. $EQIX

Avanza Fonder AB raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,857 shares of the financial services provider’s stock after buying an additional 534 shares during the quarter. Avanza Fonder AB’s holdings in Equinix were worth $5,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in EQIX. GAMMA Investing LLC raised its stake in Equinix by 82,340.9% during the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider’s stock valued at $725,957,000 after buying an additional 889,282 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Equinix in the 1st quarter worth $662,663,000. JPMorgan Chase & Co. increased its stake in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Equinix by 169.7% in the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock worth $321,427,000 after purchasing an additional 248,075 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after purchasing an additional 242,121 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Up 0.8%

Shares of NASDAQ EQIX opened at $791.25 on Friday. The company has a market cap of $77.43 billion, a P/E ratio of 77.50, a PEG ratio of 1.41 and a beta of 0.92. The firm has a 50-day simple moving average of $781.41 and a two-hundred day simple moving average of $818.54. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. 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) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $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 earnings per share for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 183.74%.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQIX. Guggenheim assumed coverage on Equinix in a research note on Thursday, July 10th. They issued a “buy” rating and a $933.00 price objective for the company. Truist Financial increased their price target on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Barclays increased their price target on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Five investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $962.52.

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.