Swiss Life Asset Management Ltd Has $16.06 Million Position in Equinix, Inc. $EQIX

Swiss Life Asset Management Ltd raised its position in Equinix, Inc. (NASDAQ:EQIX) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,967 shares of the financial services provider’s stock after purchasing an additional 2,894 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Equinix were worth $16,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC lifted its stake in Equinix by 4.2% in the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 12 shares during the last quarter. Paragon Private Wealth Management LLC lifted its stake in shares of Equinix by 2.7% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after buying an additional 13 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after buying an additional 13 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Equinix by 3.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after buying an additional 14 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its stake in shares of Equinix by 2.3% during the 3rd quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock worth $520,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX opened at $1,086.22 on Tuesday. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The firm has a market cap of $107.12 billion, a price-to-earnings ratio of 75.17, a P/E/G ratio of 2.02 and a beta of 1.01. The firm’s 50-day simple moving average is $1,018.11 and its 200 day simple moving average is $880.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm earned $9.67 earnings per share. Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

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

Insider Transactions at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 1,086 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $966.20, for a total value of $1,049,293.20. Following the transaction, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at $18,912,398.80. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 584 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.69, for a total transaction of $563,962.96. Following the completion of the transaction, the executive vice president directly owned 7,768 shares in the company, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,604 shares of company stock worth $11,848,264. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EQIX shares. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. The Goldman Sachs Group raised their target price on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley raised their price target on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

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.