Axa S.A. Cuts Stock Position in Equinix, Inc. $EQIX

Axa S.A. decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,740 shares of the financial services provider’s stock after selling 14,873 shares during the period. Axa S.A. owned 0.15% of Equinix worth $116,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EQIX. Vanguard Group Inc. increased its position in shares of Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock worth $10,443,758,000 after purchasing an additional 222,221 shares in the last quarter. 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. State Street Corp increased its position in Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after buying an additional 220,981 shares in the last quarter. Northern Trust Corp increased its position in Equinix by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after buying an additional 40,734 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after buying an additional 25,290 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $739.93 on Tuesday. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $989.84. 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 company has a market cap of $72.65 billion, a PE ratio of 67.76, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. The company’s 50 day moving average is $792.20 and its 200 day moving average is $803.35.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EQIX shares. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Morgan Stanley began coverage on shares of Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price on the stock. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target for the company in a report on Wednesday, December 3rd. Four investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $961.33.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 159 shares of Equinix stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total transaction of $116,259.21. Following the completion of the transaction, the executive vice president owned 6,584 shares in the company, valued at approximately $4,814,154.96. This trade represents a 2.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan Lin sold 124 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the sale, the insider owned 8,299 shares in the company, valued at $6,068,062.82. The trade was a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,704 shares of company stock worth $6,617,748 in the last three months. Company insiders own 0.27% of the company’s stock.

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.