Danske Bank A S Buys Shares of 92,279 Equinix, Inc. $EQIX

Danske Bank A S purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, HoldingsChannel reports. The firm purchased 92,279 shares of the financial services provider’s stock, valued at approximately $96,191,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC raised its position in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Equinix during the second quarter worth about $231,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,085.09 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $107.07 billion, a PE ratio of 69.87, a P/E/G ratio of 1.56 and a beta of 0.99. The firm has a 50 day simple moving average of $1,050.91 and a 200-day simple moving average of $1,018.57. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. Equinix’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is 132.90%.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,891 shares of company stock valued at $10,435,864 over the last quarter. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Guggenheim reiterated a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Cantor Fitzgerald upped 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. Stifel Nicolaus increased their target price on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. HSBC reissued a “buy” rating and set a $1,400.00 price target on shares of Equinix in a research report on Friday. Finally, Scotiabank reissued a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus 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.