Fjarde AP Fonden Fourth Swedish National Pension Fund Buys New Position in Equinix, Inc. $EQIX

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 16,659 shares of the financial services provider’s stock, valued at approximately $12,763,000.

Several other large investors also recently bought and sold shares of the company. Vise Technologies Inc. raised its stake in shares of Equinix by 101.9% during the fourth quarter. Vise Technologies Inc. now owns 2,055 shares of the financial services provider’s stock valued at $1,574,000 after purchasing an additional 1,037 shares during the period. Continuum Advisory LLC purchased a new position in shares of Equinix in the fourth quarter valued at $322,000. Daiwa Securities Group Inc. boosted its stake in shares of Equinix by 4.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 496,156 shares of the financial services provider’s stock valued at $380,135,000 after purchasing an additional 19,987 shares during the period. TD Asset Management Inc grew its holdings in Equinix by 2.1% during the 4th quarter. TD Asset Management Inc now owns 50,474 shares of the financial services provider’s stock valued at $38,671,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in Equinix by 8.5% during the 4th quarter. Cibc World Market Inc. now owns 55,123 shares of the financial services provider’s stock valued at $42,233,000 after purchasing an additional 4,315 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

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 owned 19,574 shares of the company’s stock, valued at $18,912,398.80. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the transaction, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,053 shares of company stock valued at $11,569,731 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Down 0.8%

Shares of NASDAQ EQIX opened at $1,080.95 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock’s 50 day moving average price is $1,058.36 and its two-hundred day moving average price is $913.59. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The stock has a market capitalization of $106.60 billion, a P/E ratio of 74.81, a PEG ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th 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 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Sanford C. Bernstein started coverage on shares of Equinix in a report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price objective on the stock. Morgan Stanley raised their target price on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. boosted their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Citigroup reissued a “buy” rating on shares of Equinix in a report on Wednesday. Finally, Oppenheimer restated an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.