AG2R LA Mondiale Gestion D Actifs Invests $3.30 Million in Equinix, Inc. $EQIX

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in Equinix, Inc., purchasing 3,708 shares valued at approximately $3.3 million.
• Equinix recently declared a quarterly dividend of $4.69 per share, which is set to be paid on September 17th; this results in an annualized dividend yield of 2.4%.
• Equinix's stock has seen recent analyst rating changes, with a consensus rating of "Buy" from five research analysts, projecting a target price of $962.52.

AG2R LA Mondiale Gestion D Actifs bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,708 shares of the financial services provider's stock, valued at approximately $3,296,000.

Other large investors have also modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at about $28,000. Activest Wealth Management grew its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after buying an additional 17 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Equinix in the 1st quarter worth $30,000. Pacific Center for Financial Services lifted its holdings in Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after buying an additional 15 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in Equinix in the 1st quarter worth $31,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Performance

Shares of NASDAQ EQIX traded down $12.37 during mid-day trading on Tuesday, hitting $779.31. The company had a trading volume of 486,236 shares, compared to its average volume of 602,933. The stock has a market cap of $76.26 billion, a price-to-earnings ratio of 76.33, a PEG ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm's 50 day simple moving average is $779.67 and its two-hundred day simple moving average is $821.51.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is presently 183.74%.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent analyst reports. UBS Group cut their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Guggenheim assumed coverage on Equinix in a research note on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. Wells Fargo & Company lowered their price objective on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Finally, Wolfe Research lowered Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $962.52.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.