Swiss National Bank Sells 13,800 Shares of Equinix, Inc. $EQIX

Swiss National Bank decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 268,203 shares of the financial services provider’s stock after selling 13,800 shares during the quarter. Swiss National Bank’s holdings in Equinix were worth $205,486,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. increased its holdings in Equinix by 16.7% during the fourth quarter. Principal Securities Inc. now owns 658 shares of the financial services provider’s stock valued at $504,000 after buying an additional 94 shares during the last quarter. Aviva PLC increased its holdings in Equinix by 5.3% during the fourth quarter. Aviva PLC now owns 85,051 shares of the financial services provider’s stock valued at $65,163,000 after buying an additional 4,279 shares during the last quarter. Caerus Investment Advisors LLC increased its holdings in Equinix by 65.7% during the fourth quarter. Caerus Investment Advisors LLC now owns 701 shares of the financial services provider’s stock valued at $537,000 after buying an additional 278 shares during the last quarter. Burkett Asset Management Ltd purchased a new stake in Equinix during the fourth quarter valued at approximately $303,000. Finally, GSI Capital Advisors LLC increased its holdings in Equinix by 1.5% during the fourth quarter. GSI Capital Advisors LLC now owns 21,748 shares of the financial services provider’s stock valued at $16,662,000 after buying an additional 320 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

EQIX opened at $1,043.18 on Friday. The firm has a market cap of $102.88 billion, a P/E ratio of 72.19, a PEG ratio of 1.95 and a beta of 0.99. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68. The company has a 50 day simple moving average of $1,065.03 and a two-hundred day simple moving average of $922.66. 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 (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the transaction, the director owned 17,557 shares in the company, valued at approximately $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. 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 11,539 shares of company stock worth $12,455,054 in the last three months. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on EQIX. Guggenheim reaffirmed a “buy” rating and set a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. Morgan Stanley upped their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Sanford C. Bernstein began coverage on shares of Equinix in a report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Equinix in a report on Wednesday, June 3rd. Finally, Oppenheimer restated an “outperform” rating and set a $1,200.00 target price 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 issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Company 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.