1,532 Equinix, Inc. $EQIX Shares Acquired by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its Equinix stake by 408.5% in the third quarter, purchasing 1,532 additional shares for a total holding of 1,907 shares valued at approximately $1.93 million. Institutional investors collectively own 94.94% of the company.
• Equinix insiders sold 4,770 shares worth roughly $4.88 million over the past three months, while corporate insiders retain just 0.27% of outstanding shares.
• Analysts maintain a favorable view, with 27 Buy ratings, one Strong Buy and five Holds; the stock has a “Moderate Buy” consensus and an average price target of $1,206.55. Equinix also reported 16.4% year-over-year revenue growth in its latest quarter and exceeded earnings expectations.

Banque Pictet & Cie SA raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 408.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,907 shares of the financial services provider's stock after buying an additional 1,532 shares during the period. Banque Pictet & Cie SA's holdings in Equinix were worth $1,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQIX. SJS Investment Consulting Inc. raised its position in Equinix by 27.3% in the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 9 shares during the period. Fulton Bank N.A. lifted its stake in Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider's stock worth $342,000 after purchasing an additional 10 shares in the last quarter. Avion Wealth lifted its stake in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after purchasing an additional 11 shares in the last quarter. High Net Worth Advisory Group LLC boosted its position in shares of Equinix by 5.3% during the second quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider's stock worth $229,000 after buying an additional 11 shares during the period. Finally, Angeles Wealth Management LLC boosted its position in shares of Equinix by 3.7% during the second quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider's stock worth $323,000 after buying an additional 11 shares during the period. Institutional investors own 94.94% of the company's stock.

Insider Activity

In related news, insider Michael Paladin sold 307 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares of the company's stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the company's stock in a transaction dated 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 owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,770 shares of company stock worth $4,884,197. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on Equinix from $1,222.00 to $1,270.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Equinix from $1,200.00 to $1,300.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Mizuho increased their target price on Equinix from $1,200.00 to $1,275.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. HSBC lowered their target price on Equinix from $1,400.00 to $1,380.00 and set a "buy" rating for the company in a report on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,270.00 target price (up from $1,207.00) on shares of Equinix in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,206.55.

Equinix Price Performance

Shares of EQIX opened at $985.98 on Friday. The company has a market cap of $97.29 billion, a P/E ratio of 63.49, a PEG ratio of 1.41 and a beta of 0.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm's 50 day moving average price is $1,038.44 and its 200 day moving average price is $1,049.50.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid 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 (DPR) is presently 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.

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