Swiss National Bank Buys 23,900 Shares of Equinix, Inc. $EQIX

Swiss National Bank boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 296,103 shares of the financial services provider’s stock after purchasing an additional 23,900 shares during the period. Swiss National Bank owned about 0.30% of Equinix worth $235,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Activest Wealth Management increased its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 17 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix in the second quarter worth approximately $26,000. Bank of Jackson Hole Trust increased its stake in shares of Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Equinix during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 0.2%

NASDAQ EQIX opened at $754.68 on Friday. The stock has a 50 day moving average price of $802.37 and a 200-day moving average price of $813.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $74.10 billion, a P/E ratio of 69.11, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm earned $9.05 earnings per share. Equinix’s revenue was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Insider Buying and Selling

In other Equinix news, Chairman Charles J. Meyers sold 5,087 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the transaction, the chairman owned 10,426 shares in the company, valued at $8,116,328.22. The trade was a 32.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 50 shares of Equinix stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the transaction, the director directly owned 17,782 shares of the company’s stock, valued at approximately $13,826,927.56. This represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 5,641 shares of company stock valued at $4,394,531. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EQIX has been the subject of several recent analyst reports. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Truist Financial upped their price objective on Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen lifted their target price on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Morgan Stanley initiated coverage on Equinix in a research note on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price target for the company. Finally, Daiwa Capital Markets set a $917.00 price objective on shares of Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $961.33.

About Equinix

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.