Equinix, Inc. $EQIX Stock: BDF Gestion Boosts Stake

BDF Gestion boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 47.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,886 shares of the financial services provider’s stock after buying an additional 933 shares during the quarter. BDF Gestion’s holdings in Equinix were worth $2,919,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC boosted its stake in shares of Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Avion Wealth grew its holdings in shares of Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Equinix during the 2nd quarter worth about $34,000. Finally, Bogart Wealth LLC lifted its holdings in Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 28 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. BNP Paribas Exane dropped their price objective on shares of Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Cantor Fitzgerald lifted their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Stifel Nicolaus lifted their target price on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $1,340.00 target price (up from $1,300.00) on shares of Equinix in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,206.55.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 4,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the sale, the director owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

NASDAQ:EQIX traded down $12.20 during mid-day trading on Monday, reaching $973.78. 160,637 shares of the company were exchanged, compared to its average volume of 584,654. 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 stock has a market cap of $96.08 billion, a PE ratio of 62.70, a PEG ratio of 1.41 and a beta of 0.98. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The company has a fifty day moving average of $1,038.44 and a 200 day moving average of $1,050.10.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $9.91 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were issued a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s dividend payout ratio is currently 132.90%.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.