Equinix, Inc. $EQIX Holdings Boosted by Groupe la Francaise

Groupe la Francaise grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 40.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,268 shares of the financial services provider’s stock after purchasing an additional 1,506 shares during the quarter. Groupe la Francaise’s holdings in Equinix were worth $4,174,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Valeo Financial Advisors LLC grew its stake in Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after buying an additional 8,154,365 shares during the last quarter. Norges Bank acquired a new position in shares of Equinix during the second quarter valued at $892,431,000. Nuveen LLC bought a new position in shares of Equinix during the first quarter worth about $662,663,000. JPMorgan Chase & Co. increased its holdings in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after acquiring an additional 291,753 shares during the period. Finally, National Bank of Canada FI lifted its position in Equinix by 169.7% in the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after purchasing an additional 248,075 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.7%

Shares of EQIX opened at $732.72 on Thursday. The business’s 50-day moving average price is $795.15 and its 200 day moving average price is $806.62. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $71.95 billion, a P/E ratio of 67.10, a P/E/G ratio of 1.49 and a beta of 1.05. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $989.84.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the firm posted $9.05 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Insider Activity

In related news, Chairman Charles J. Meyers sold 5,087 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the completion of the sale, the chairman directly owned 10,426 shares in the company, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 290 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total transaction of $212,045.10. Following the completion of the transaction, the insider owned 2,433 shares in the company, valued at approximately $1,778,985.27. This represents a 10.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,108 shares of company stock valued at $6,929,276 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EQIX. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley started coverage on Equinix in a report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price objective for the company. Barclays lifted their target price on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. BMO Capital Markets raised Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target for the company in a research note on Wednesday. Finally, Dbs Bank raised shares of Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $961.33.

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.