Commerzbank Aktiengesellschaft FI Purchases 12,259 Shares of Equinix, Inc. $EQIX

Commerzbank Aktiengesellschaft FI boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 256.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,033 shares of the financial services provider’s stock after acquiring an additional 12,259 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Equinix were worth $13,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Equinix by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after purchasing an additional 222,221 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Equinix by 298,148.6% during the second 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 lifted its holdings in Equinix by 3.7% in the second 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 during the period. Norges Bank bought a new position in Equinix in the second quarter valued at approximately $892,431,000. Finally, Canada Pension Plan Investment Board grew its holdings in Equinix by 3.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,102,423 shares of the financial services provider’s stock worth $876,944,000 after acquiring an additional 38,936 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other news, CFO Keith D. Taylor sold 2,051 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the completion of the transaction, the chief financial officer directly owned 26,373 shares of the company’s stock, valued at $21,208,375.41. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Shane Paladin sold 327 shares of Equinix stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $804.36, for a total value of $263,025.72. Following the completion of the sale, the insider directly owned 952 shares in the company, valued at approximately $765,750.72. This represents a 25.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 19,590 shares of company stock worth $15,366,046. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

NASDAQ EQIX opened at $791.27 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $77.69 billion, a price-to-earnings ratio of 72.46, a PEG ratio of 1.24 and a beta of 1.05. The business has a 50 day simple moving average of $764.83 and a 200 day simple moving average of $782.91. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $953.41.

Equinix (NASDAQ:EQIX) last announced 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 firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm posted $9.05 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio is 171.79%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EQIX. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Scotiabank dropped their price objective on Equinix from $965.00 to $959.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft set a $915.00 target price on Equinix in a research note on Tuesday, January 6th. The Goldman Sachs Group cut Equinix from a “buy” rating to a “neutral” rating and set a $795.00 target price on the stock. in a report on Thursday, December 18th. Finally, UBS Group set a $959.00 price target on Equinix in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $959.64.

Equinix Company 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.