Equinix, Inc. $EQIX Shares Sold by Axa S.A.

Axa S.A. reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 146,740 shares of the financial services provider’s stock after selling 14,873 shares during the period. Axa S.A.’s holdings in Equinix were worth $116,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management boosted its position in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Equinix during the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust raised its stake in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 14 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Equinix during the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, insider Jonathan Lin sold 124 shares of the firm’s stock in a transaction on 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 directly owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total transaction of $38,879.00. Following the transaction, the director directly owned 17,782 shares in the company, valued at approximately $13,826,927.56. The trade was a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,704 shares of company stock worth $6,617,748 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

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 firm has a market capitalization of $72.65 billion, a PE ratio of 67.76, a PEG ratio of 1.51 and a beta of 1.05. 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 firm’s 50-day moving average price is $792.20 and its 200 day moving average price is $803.35.

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 analysts’ consensus estimates of $9.27 by $0.56. The business 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 revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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

Wall Street Analysts Forecast Growth

EQIX has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price for the company in a research note on Wednesday, December 3rd. Cowen restated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Four equities research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $961.33.

About Equinix

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.