DNB Asset Management AS Increases Position in Equinix, Inc. $EQIX

DNB Asset Management AS raised its position in Equinix, Inc. (NASDAQ:EQIX) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,850 shares of the financial services provider’s stock after purchasing an additional 1,212 shares during the period. DNB Asset Management AS’s holdings in Equinix were worth $25,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Paragon Private Wealth Management LLC boosted its position in shares of Equinix by 2.7% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 13 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Equinix by 3.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 14 shares during the last quarter. Howard Capital Management Inc. boosted its position in shares of Equinix by 2.3% in the 3rd quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Equinix by 1.3% in the 3rd quarter. Brooklyn Investment Group now owns 1,209 shares of the financial services provider’s stock worth $947,000 after purchasing an additional 15 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on EQIX. JPMorgan Chase & Co. raised their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a research note on Tuesday, April 28th. Jefferies Financial Group raised their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $1,075.00 price objective on Equinix in a research note on Thursday, February 12th. Finally, Zacks Research raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,059.44 on Friday. The stock has a market capitalization of $104.48 billion, a price-to-earnings ratio of 73.32, a PEG ratio of 1.99 and a beta of 1.01. The business has a 50-day moving average of $1,026.42 and a 200-day moving average of $887.22. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Insider Buying and Selling

In other Equinix news, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction 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. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan Lin sold 635 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following the transaction, the insider directly owned 10,788 shares in the company, valued at approximately $10,418,079.48. This trade represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,604 shares of company stock worth $11,848,264 over the last three months. Company insiders own 0.27% of the company’s stock.

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.