Groupe la Francaise Sells 5,559 Shares of Equinix, Inc. $EQIX

Groupe la Francaise trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 94.9% in the second quarter, Holdings Channel.com reports. The firm owned 299 shares of the financial services provider’s stock after selling 5,559 shares during the quarter. Groupe la Francaise’s holdings in Equinix were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Brighton Jones LLC boosted its stake in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Equinix by 11.5% in 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 during the period. Empowered Funds LLC increased its position in Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of Equinix during the second quarter valued at $231,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares during the period. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on EQIX. BTIG Research initiated coverage on shares of Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating and set a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. TD Cowen upped their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays increased their price target on Equinix from $1,130.00 to $1,135.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, UBS Group raised their price objective on Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $1,203.60.

Insider Activity at Equinix

In other news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,770 shares of company stock worth $4,884,197 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.5%

EQIX opened at $1,041.21 on Wednesday. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $1,042.89 and a 200-day moving average of $1,037.98. The stock has a market cap of $102.74 billion, a PE ratio of 67.05, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. The business 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 for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

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 paid 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 of this dividend is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.