Amundi Purchases 26,865 Shares of Equinix, Inc. $EQIX

Amundi lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094,868 shares of the financial services provider’s stock after acquiring an additional 26,865 shares during the quarter. Amundi owned 1.12% of Equinix worth $871,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. Campbell & CO Investment Adviser LLC grew its holdings in shares of Equinix by 21.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock valued at $305,000 after buying an additional 67 shares during the last quarter. Elliott Investment Management L.P. acquired a new stake in Equinix during the 1st quarter worth about $122,302,000. Gradient Investments LLC grew its stake in Equinix by 19.4% during the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock valued at $19,635,000 after purchasing an additional 4,015 shares during the last quarter. Partners Group Holding AG increased its holdings in shares of Equinix by 10.6% in the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after purchasing an additional 4,968 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Equinix by 19.4% in the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock worth $2,098,000 after purchasing an additional 418 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 290 shares of the company’s stock in a transaction 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 directly owned 2,433 shares in the company, valued at approximately $1,778,985.27. This represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,894 shares of Equinix stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the completion of the sale, the chief executive officer owned 12,366 shares in the company, valued at approximately $9,040,658.94. This trade represents a 18.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,108 shares of company stock valued at $6,929,276 in the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of recent research reports. BMO Capital Markets upgraded Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price on the stock in a research report on Wednesday. Daiwa Capital Markets set a $917.00 price objective on shares of Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Barclays raised their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $961.33.

Equinix Price Performance

NASDAQ:EQIX opened at $726.09 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $989.84. The stock’s 50-day moving average price is $794.01 and its 200-day moving average price is $806.06. The stock has a market capitalization of $71.29 billion, a PE ratio of 66.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Equinix Company 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.