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% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,311 shares of the financial services provider’s stock after buying an additional 740 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Equinix were worth $14,608,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of EQIX. Ranch Capital Advisors Inc. grew its stake in Equinix by 9.5% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 300 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 26 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Equinix by 7.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 879,999 shares of the financial services provider’s stock valued at $665,807,000 after purchasing an additional 59,343 shares in the last quarter. Ieq Capital LLC grew its stake in Equinix by 4.8% during the 2nd quarter. Ieq Capital LLC now owns 3,667 shares of the financial services provider’s stock valued at $2,774,000 after purchasing an additional 169 shares in the last quarter. Brighton Jones LLC acquired a new stake in Equinix during the 2nd quarter valued at approximately $202,000. Finally, Intech Investment Management LLC grew its stake in Equinix by 340.0% during the 2nd quarter. Intech Investment Management LLC now owns 7,190 shares of the financial services provider’s stock valued at $5,440,000 after purchasing an additional 5,556 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the sale, the chairman now owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at approximately $4,559,334.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following 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 have sold 10,043 shares of company stock valued at $8,282,119 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EQIX shares. Truist Financial raised their price objective on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Barclays raised their price objective on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. The Goldman Sachs Group began coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 target price on the stock. Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $825.00 to $875.00 in a report on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $883.71.

Equinix Trading Up 0.7 %

Shares of NASDAQ EQIX opened at $877.20 on Friday. The company has a market cap of $83.25 billion, a price-to-earnings ratio of 87.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. Equinix, Inc. has a 12-month low of $677.80 and a 12-month 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’s 50 day simple moving average is $820.42 and its 200 day simple moving average is $793.28.

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

Equinix Dividend Announcement

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

About Equinix

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.