Banque Cantonale Vaudoise Trims Stock Holdings in Equinix, Inc. $EQIX

Banque Cantonale Vaudoise decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,917 shares of the financial services provider’s stock after selling 527 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Equinix were worth $3,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EQIX. IFP Advisors Inc grew its holdings in Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after buying an additional 13 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after buying an additional 13 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Equinix by 5.9% in the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 13 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares during the period. Finally, Brooklyn Investment Group grew its stake in Equinix by 1.3% during the third quarter. Brooklyn Investment Group now owns 1,209 shares of the financial services provider’s stock valued at $947,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.7%

Shares of EQIX opened at $1,087.61 on Friday. Equinix, Inc. has a 1-year low of $710.52 and a 1-year high of $1,128.68. The company has a market capitalization of $107.26 billion, a P/E ratio of 75.27, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50 day simple moving average is $1,078.80 and its 200 day simple moving average is $947.16.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,539 shares of company stock worth $12,455,054 in the last three months. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on EQIX shares. Scotiabank upped their target price on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Mizuho increased their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Barclays lifted their price objective on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,151.67.

About Equinix

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.