Livforsakringsbolaget Skandia Omsesidigt Invests $642,000 in Equinix, Inc. $EQIX

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 616 shares of the financial services provider’s stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Equinix during the second quarter worth $11,930,074,000. Norges Bank acquired a new stake in Equinix in the fourth quarter worth $984,355,000. Legal & General Group Plc bought a new stake in shares of Equinix in the second quarter worth about $1,181,260,000. Canada Pension Plan Investment Board acquired a new stake in Equinix during the 2nd quarter worth approximately $1,163,662,000. Finally, Deutsche Bank AG bought a new stake in shares of Equinix in the second quarter valued at about $1,118,930,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,044.41 on Friday. The company has a market capitalization of $103.05 billion, a PE ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The firm has a fifty day simple moving average of $1,050.60 and a 200 day simple moving average of $1,031.29.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned $9.91 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given 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 is Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 4,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the transaction, the director directly owned 13,859 shares of the company’s stock, valued at $14,126,201.52. This represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,986 shares of company stock valued at $8,370,777 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. Mizuho raised their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Royal Bank Of Canada lifted their price target on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Cantor Fitzgerald boosted their price target on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix 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.