BNP Paribas Sells 2,399 Shares of Equinix, Inc. $EQIX

BNP Paribas decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,091 shares of the financial services provider’s stock after selling 2,399 shares during the period. BNP Paribas’ holdings in Equinix were worth $836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. increased its holdings in shares of Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. WPG Advisers LLC grew its holdings in shares of Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 15 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 13 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 630 shares of Equinix stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $605,549.70. Following the transaction, the insider owned 10,394 shares in the company, valued at $9,990,608.86. This trade represents a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,053 shares of company stock valued at $11,569,731 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Equinix in a report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price objective for the company. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a report on Thursday, April 30th. Truist Financial set a $1,215.00 price objective on Equinix in a report on Friday, May 1st. Finally, Barclays lifted their price objective on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Price Performance

NASDAQ EQIX opened at $1,071.80 on Wednesday. The company has a market capitalization of $105.70 billion, a PE ratio of 74.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average is $1,049.12 and its 200 day moving average is $906.40. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s payout ratio is 142.84%.

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.