Equinix, Inc. $EQIX Stake Trimmed by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT lowered its stake in Equinix, Inc. by 51.5%, selling 88,552 shares during the first quarter, leaving it with around 0.09% of the company's shares valued at approximately $68 million.
• Equinix recently announced a quarterly dividend of $4.69 per share, with an annualized yield of 2.4%, although the company's payout ratio is notably high at 183.74%.
• Analysts have varied perspectives on Equinix, with price targets ranging from $880.00 to $1,200.00, and a consensus rating of "Moderate Buy."

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 51.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 83,454 shares of the financial services provider's stock after selling 88,552 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.09% of Equinix worth $68,044,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. bought a new stake in Equinix in the fourth quarter valued at $28,000. GKV Capital Management Co. Inc. bought a new stake in Equinix in the first quarter valued at $30,000. Whipplewood Advisors LLC lifted its stake in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after buying an additional 23 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after buying an additional 12 shares during the last quarter. Finally, Pacific Center for Financial Services lifted its stake in Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after buying an additional 15 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EQIX shares. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Barclays raised their target price on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus cut their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $962.52.

Insider Transactions at Equinix

In related news, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $14.28 during midday trading on Friday, reaching $786.47. 316,995 shares of the company traded hands, compared to its average volume of 621,229. The stock has a 50-day moving average price of $798.37 and a 200 day moving average price of $840.09. The company has a market cap of $76.96 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 1.40 and a beta of 0.90. Equinix, Inc. has a 52 week low of $701.41 and a 52 week 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.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be issued 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%.

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.