616 Shares in Equinix, Inc. $EQIX Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 616 shares of the financial services provider’s stock, valued at approximately $642,000.

Other large investors also recently made changes to their positions in the company. Avion Wealth grew its position in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after buying an additional 15 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Equinix during the 4th quarter valued at $30,000. Physician Wealth Advisors Inc. grew its holdings in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of Equinix in the second quarter worth $34,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 quarter. 0.27% of the stock is owned by company insiders.

Equinix Stock Performance

EQIX opened at $1,044.41 on Friday. The stock has a market cap 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 current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The stock’s 50 day simple moving average is $1,050.60 and its 200-day simple moving average is $1,031.29.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the business earned $9.91 earnings per share. Equinix’s quarterly 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. Sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is 132.90%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. Cantor Fitzgerald boosted their target price 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. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Mizuho lifted their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Truist Financial boosted their price target on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average 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.