Equinix, Inc. $EQIX Stock Holdings Increased by Bamco Inc. NY

Bamco Inc. NY increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 38.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,418 shares of the financial services provider’s stock after purchasing an additional 53,130 shares during the quarter. Bamco Inc. NY owned about 0.20% of Equinix worth $153,063,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management lifted its stake in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 17 shares during the period. Westside Investment Management Inc. raised its holdings in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Equinix in the second quarter worth approximately $26,000. Bank of Jackson Hole Trust boosted its stake in Equinix by 70.0% during the 2nd 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 in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Equinix during the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Down 0.5%

Shares of Equinix stock opened at $750.32 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $73.67 billion, a price-to-earnings ratio of 68.71, a P/E/G ratio of 1.53 and a beta of 1.05. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $982.98. The stock has a 50-day simple moving average of $789.62 and a 200-day simple moving average of $800.89.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $9.05 EPS. 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. On average, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business 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 dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQIX. Cowen restated a “buy” rating on shares of Equinix in a report on Thursday, October 30th. TD Cowen raised their price objective on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Barclays increased their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $958.15.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 159 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total value of $116,259.21. Following the completion of the sale, the executive vice president directly owned 6,584 shares in the company, valued at approximately $4,814,154.96. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles J. Meyers sold 5,087 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the sale, the chairman directly owned 10,426 shares of the company’s stock, valued at approximately $8,116,328.22. This represents a 32.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,704 shares of company stock valued at $6,617,748. 0.27% of the stock is owned by corporate insiders.

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.