Andra AP fonden Sells 3,200 Shares of Equinix, Inc. $EQIX

Andra AP fonden reduced its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 31.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,077 shares of the financial services provider’s stock after selling 3,200 shares during the quarter. Andra AP fonden’s holdings in Equinix were worth $5,630,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EQIX. Valeo Financial Advisors LLC boosted its position in Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. Nuveen LLC acquired a new stake in shares of Equinix during the 1st quarter worth about $662,663,000. JPMorgan Chase & Co. lifted its stake in shares of Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after buying an additional 291,753 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock worth $321,427,000 after buying an additional 248,075 shares during the period. Finally, Vanguard Group Inc. grew its stake in Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after buying an additional 242,121 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $824.75 on Friday. The company’s 50-day moving average price is $800.57 and its two-hundred day moving average price is $817.88. The firm has a market cap of $80.98 billion, a P/E ratio of 75.53, a P/E/G ratio of 1.38 and a beta of 0.92. 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, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is currently 171.79%.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider directly owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 579 shares of company stock worth $454,188 in the last ninety days. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQIX. JPMorgan Chase & Co. increased their target price on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. UBS Group dropped their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a report on Friday, July 11th. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $960.76.

Equinix Company Profile

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.