Bfsg LLC Raises Stake in Equinix, Inc. $EQIX

Bfsg LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 3,900.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,120 shares of the financial services provider’s stock after buying an additional 1,092 shares during the period. Bfsg LLC’s holdings in Equinix were worth $877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its stake in Equinix by 21.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock worth $305,000 after buying an additional 67 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Equinix by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock valued at $426,444,000 after acquiring an additional 7,409 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Equinix by 13.5% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 485,538 shares of the financial services provider’s stock valued at $386,231,000 after acquiring an additional 57,630 shares during the period. Nordea Investment Management AB raised its position in shares of Equinix by 7.3% in the 3rd quarter. Nordea Investment Management AB now owns 483,483 shares of the financial services provider’s stock worth $376,193,000 after acquiring an additional 32,790 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its stake in shares of Equinix by 5,346.3% during the 2nd quarter. Hudson Bay Capital Management LP now owns 14,705 shares of the financial services provider’s stock worth $11,697,000 after purchasing an additional 14,435 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQIX. Barclays reiterated a “positive” rating and issued a $870.00 target price on shares of Equinix in a research note on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Equinix in a report on Thursday, December 11th. Truist Financial boosted their price objective on shares of Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Scotiabank decreased their target price on shares of Equinix from $965.00 to $959.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Finally, BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target on the stock in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $959.64.

Equinix Trading Down 0.0%

Shares of Equinix stock opened at $801.78 on Monday. The firm’s 50 day simple moving average is $766.21 and its two-hundred day simple moving average is $782.46. The firm has a market capitalization of $78.73 billion, a price-to-earnings ratio of 73.42, a PEG ratio of 1.25 and a beta of 1.05. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $953.41. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data 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. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Insider Activity

In other Equinix news, insider Jonathan Lin sold 124 shares of Equinix stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total transaction of $90,666.32. Following the completion of the sale, the insider directly owned 8,299 shares in the company, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,894 shares of the stock in a transaction on Tuesday, December 2nd. The stock was 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 $9,040,658.94. The trade was a 18.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,704 shares of company stock valued at $6,617,748. 0.27% of the stock is owned by insiders.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.