Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,311 shares of the financial services provider’s stock after acquiring an additional 740 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Equinix were worth $14,608,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EQIX. Swedbank AB acquired a new position in shares of Equinix in the 1st quarter worth $294,526,000. Principal Financial Group Inc. grew its holdings in shares of Equinix by 14.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider’s stock worth $1,428,606,000 after acquiring an additional 238,883 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock worth $10,319,917,000 after acquiring an additional 238,815 shares during the last quarter. M&G Plc acquired a new position in shares of Equinix in the 1st quarter worth $187,089,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Equinix in the 1st quarter worth $145,308,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

EQIX opened at $877.20 on Friday. The stock has a market cap of $83.25 billion, a price-to-earnings ratio of 87.98, a PEG ratio of 2.11 and a beta of 0.71. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $820.42 and a 200 day moving average price of $793.28.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm earned $8.04 EPS. Equinix’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were given a $4.26 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.94%. Equinix’s dividend payout ratio is currently 170.91%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Mizuho lifted their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. The Goldman Sachs Group assumed coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price target on the stock. TD Cowen lifted their price target on Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $883.71.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock valued at $8,282,119 over the last quarter. Insiders own 0.27% of the company’s stock.

Equinix 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.