Bamco Inc. NY Sells 32,919 Shares of Equinix, Inc. $EQIX

Bamco Inc. NY reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 18.5% during the 4th quarter, Holdings Channel reports. The fund owned 145,429 shares of the financial services provider’s stock after selling 32,919 shares during the period. Bamco Inc. NY’s holdings in Equinix were worth $111,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Douglas Lane & Associates LLC grew its position in shares of Equinix by 3.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after purchasing an additional 4,241 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Equinix by 71.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 100,791 shares of the financial services provider’s stock worth $78,944,000 after purchasing an additional 41,887 shares in the last quarter. NEOS Investment Management LLC grew its position in shares of Equinix by 62.1% during the 3rd quarter. NEOS Investment Management LLC now owns 18,777 shares of the financial services provider’s stock worth $14,707,000 after purchasing an additional 7,196 shares in the last quarter. Vanderbilt University grew its position in shares of Equinix by 65.9% during the 4th quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after purchasing an additional 4,089 shares in the last quarter. Finally, Avalon Trust Co grew its position in shares of Equinix by 420,860.0% during the 3rd quarter. Avalon Trust Co now owns 21,048 shares of the financial services provider’s stock worth $16,486,000 after purchasing an additional 21,043 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on EQIX. Sanford C. Bernstein began coverage on shares of Equinix in a research report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 target price on the stock. Barclays increased their target price on shares of Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Truist Financial set a $1,215.00 target price on shares of Equinix in a research report on Friday, May 1st. Oppenheimer restated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, April 30th. Finally, Evercore reaffirmed an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Stock Performance

Shares of Equinix stock opened at $1,088.52 on Thursday. The company has a 50 day moving average of $1,070.84 and a 200-day moving average of $931.78. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The company has a market cap of $107.35 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm posted $9.67 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director owned 17,557 shares of the company’s stock, valued at $18,615,511.53. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 11,539 shares of company stock worth $12,455,054. Insiders own 0.27% of the company’s stock.

Equinix Company 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.