Handelsbanken Fonder AB Boosts Stake in Equinix, Inc. $EQIX

Handelsbanken Fonder AB grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,534 shares of the financial services provider’s stock after acquiring an additional 1,983 shares during the period. Handelsbanken Fonder AB’s holdings in Equinix were worth $36,221,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EQIX. AE Wealth Management LLC grew its stake in Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 12 shares in the last quarter. Gitterman Wealth Management LLC boosted its stake in shares of Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock valued at $206,000 after buying an additional 12 shares during the last quarter. Quent Capital LLC grew its position in shares of Equinix by 4.8% during the second quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock worth $228,000 after buying an additional 13 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Equinix by 1.3% in the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after buying an additional 13 shares during the last quarter. Finally, CVA Family Office LLC raised its holdings in Equinix by 10.9% in the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 50 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total value of $38,879.00. Following the sale, the director directly owned 17,782 shares of the company’s stock, valued at $13,826,927.56. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owned 10,426 shares of the company’s stock, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,641 shares of company stock valued at $4,394,531 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $754.68 on Friday. The company has a market cap of $74.10 billion, a PE ratio of 69.11, a P/E/G ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm has a 50-day simple moving average of $802.37 and a 200 day simple moving average of $813.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. Equinix’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EQIX shares. Morgan Stanley began coverage on shares of Equinix in a report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Barclays lifted 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. Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price 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.