Handelsbanken Fonder AB Buys 2,029 Shares of Equinix, Inc. $EQIX

Handelsbanken Fonder AB raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,622 shares of the financial services provider’s stock after purchasing an additional 2,029 shares during the period. Handelsbanken Fonder AB’s holdings in Equinix were worth $48,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Fulton Bank N.A. grew its position in shares of Equinix by 3.1% in the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 10 shares in the last quarter. Harrell Investment Partners LLC bought a new position in shares of Equinix in the second quarter valued at approximately $1,643,000. Everhart Financial Group Inc. grew its stake in Equinix by 56.0% during the second quarter. Everhart Financial Group Inc. now owns 744 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 267 shares in the last quarter. Everpar Advisors LLC grew its stake in Equinix by 13.3% during the second quarter. Everpar Advisors LLC now owns 264 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 31 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Equinix by 13.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,697 shares of the financial services provider’s stock worth $3,854,000 after acquiring an additional 439 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. Evercore reiterated an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a research note on Tuesday, April 28th. Stifel Nicolaus boosted their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. The Goldman Sachs Group upped their price target on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Mizuho increased their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $1,196.20.

Insider Activity at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This represents a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,891 shares of company stock valued at $10,430,452. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Down 1.1%

NASDAQ EQIX opened at $1,032.40 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock’s 50-day simple moving average is $1,049.75 and its two-hundred day simple moving average is $1,008.63. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a market capitalization of $101.87 billion, a price-to-earnings ratio of 66.48, a PEG ratio of 1.48 and a beta of 0.99.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

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.