Groupama Asset Managment Has $36.33 Million Holdings in Equinix, Inc. $EQIX

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Groupama Asset Managment grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,238 shares of the financial services provider's stock after acquiring an additional 4,510 shares during the quarter. Groupama Asset Managment's holdings in Equinix were worth $36,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQIX. GAMMA Investing LLC raised its stake in shares of Equinix by 82,340.9% during the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after purchasing an additional 889,282 shares in the last quarter. Nuveen LLC bought a new stake in shares of Equinix during the 1st quarter worth approximately $662,663,000. Northern Trust Corp raised its stake in shares of Equinix by 65.3% during the 4th quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after purchasing an additional 586,034 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Equinix by 22.5% during 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 purchasing an additional 291,753 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock worth $321,427,000 after purchasing an additional 248,075 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price objective on 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. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Truist Financial increased their price target on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research note on Tuesday, July 22nd. Finally, New Street Research upgraded Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Five investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $962.52.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the 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 directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Performance

NASDAQ EQIX traded up $14.28 on Friday, reaching $786.47. The stock had a trading volume of 317,006 shares, compared to its average volume of 453,594. 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 has a fifty day moving average of $796.24 and a two-hundred day moving average of $837.77. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a market cap of $76.96 billion, a P/E ratio of 77.03, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm posted $9.22 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Equinix 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.