B&I Capital AG cut its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 21.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,282 shares of the financial services provider’s stock after selling 6,905 shares during the quarter. Equinix comprises about 6.8% of B&I Capital AG’s investment portfolio, making the stock its 4th biggest position. B&I Capital AG’s holdings in Equinix were worth $20,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Activest Wealth Management grew its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares in the last quarter. Westside Investment Management Inc. grew its position in Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Equinix during the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust raised its stake in shares of Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Equinix during the second quarter worth $28,000. Institutional investors and hedge funds own 94.94% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on EQIX shares. Morgan Stanley assumed coverage on shares of Equinix in a report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target for the company. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $961.33.
Insider Buying and Selling at Equinix
In other Equinix news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the sale, the director owned 17,782 shares in the company, valued at $13,826,927.56. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 100 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 5,641 shares of company stock worth $4,394,531. Company insiders own 0.27% of the company’s stock.
Equinix Stock Performance
Shares of EQIX stock opened at $750.41 on Thursday. The stock has a market capitalization of $73.68 billion, a price-to-earnings ratio of 68.72, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company’s 50-day simple moving average is $800.56 and its 200-day simple moving average is $811.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.
Equinix (NASDAQ:EQIX – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the company earned $9.05 earnings per share. Equinix’s quarterly revenue was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.5%. Equinix’s dividend payout ratio (DPR) is 171.79%.
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.
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