BDF Gestion Acquires 933 Shares of Equinix, Inc. $EQIX

BDF Gestion boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 47.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,886 shares of the financial services provider’s stock after buying an additional 933 shares during the period. BDF Gestion’s holdings in Equinix were worth $2,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Avion Wealth grew its holdings in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont bought a new position in shares of Equinix in the 2nd quarter worth $34,000. Finally, Bogart Wealth LLC boosted its position in shares of Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 28 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EQIX. Mizuho upped their price objective on Equinix from $1,200.00 to $1,275.00 and gave the company an “outperform” rating in a report on Friday, August 14th. The Goldman Sachs Group increased their target price on Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Sanford C. Bernstein raised their target price on Equinix from $1,222.00 to $1,270.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Scotiabank restated a “sector perform” rating and set a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,206.55.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,770 shares of company stock valued at $4,884,197 over the last 90 days. 0.27% of the stock is owned by company insiders.

Equinix Trading Down 1.2%

Shares of EQIX traded down $12.20 during trading hours on Monday, reaching $973.78. The stock had a trading volume of 160,637 shares, compared to its average volume of 584,654. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The firm has a 50-day moving average of $1,038.44 and a 200 day moving average of $1,050.10. The company has a market cap of $96.08 billion, a P/E ratio of 62.70, a P/E/G ratio of 1.41 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.