Amundi Grows Holdings in Equinix, Inc. $EQIX

Key Points

• Amundi increased its holdings in Equinix, Inc. by 21.6%, owning over 1 million shares valued at approximately $856.6 million.
• Equinix is projected to report an EPS of $33.1 for the current fiscal year, having recently beaten estimates with an EPS of $9.91 in the last quarter.
• Shareholders will receive a quarterly dividend of $4.69 per share on September 17th, representing a 2.4% dividend yield.

Amundi raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,068,003 shares of the financial services provider's stock after purchasing an additional 189,383 shares during the quarter. Amundi owned 1.09% of Equinix worth $856,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after acquiring an additional 242,121 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after acquiring an additional 40,734 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after acquiring an additional 25,290 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Equinix by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after acquiring an additional 65,104 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Up 0.7%

Shares of NASDAQ EQIX traded up $5.75 during mid-day trading on Friday, hitting $773.68. The stock had a trading volume of 321,970 shares, compared to its average volume of 378,185. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The business has a 50 day moving average price of $780.36 and a two-hundred day moving average price of $828.37. The firm has a market cap of $75.72 billion, a P/E ratio of 75.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 11.11% and a return on equity of 7.22%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EQIX. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Truist Financial boosted their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Mizuho decreased their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Equinix presently has an average rating of "Buy" and an average target price of $962.52.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

Equinix Company Profile

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.