Swedbank AB Sells 14,948 Shares of Equinix, Inc. (NASDAQ:EQIX)

Swedbank AB trimmed its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 321,660 shares of the financial services provider's stock after selling 14,948 shares during the quarter. Swedbank AB owned approximately 0.34% of Equinix worth $285,515,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EQIX. CNB Bank raised its position in shares of Equinix by 172.7% in the first quarter. CNB Bank now owns 30 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equinix during the second quarter worth approximately $30,000. LRI Investments LLC bought a new stake in shares of Equinix during the first quarter worth approximately $31,000. Meeder Asset Management Inc. acquired a new position in shares of Equinix in the second quarter valued at approximately $36,000. Finally, Sugarloaf Wealth Management LLC grew its position in shares of Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent research reports. Cfra restated a "hold" rating on shares of Equinix in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Mizuho lifted their price objective on shares of Equinix from $873.00 to $971.00 and gave the stock an "outperform" rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on shares of Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Finally, HSBC raised Equinix from a "hold" rating to a "buy" rating and increased their target price for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $907.21.

Equinix Trading Up 1.4 %

EQIX traded up $12.01 during midday trading on Tuesday, hitting $878.03. 558,062 shares of the company were exchanged, compared to its average volume of 532,482. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $83.33 billion, a P/E ratio of 88.11, a P/E/G ratio of 2.13 and a beta of 0.71. The firm's 50 day moving average price is $848.37 and its 200-day moving average price is $795.27.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its 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 firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business earned $8.04 EPS. Equinix's quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors 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 dividend payout ratio is presently 170.91%.

Insider Transactions at Equinix

In other news, insider Meredith Williamson sold 576 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Meredith Williamson sold 576 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company's stock, valued at approximately $4,559,334.14. This represents a 0.00 % decrease in their position. 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 90 days. 0.27% of the stock is currently owned by corporate insiders.

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.