Groupe la Francaise Has $312,000 Stake in Equinix, Inc. $EQIX

Groupe la Francaise reduced its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 94.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299 shares of the financial services provider's stock after selling 5,559 shares during the quarter. Groupe la Francaise's holdings in Equinix were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Avion Wealth raised its position in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 11 shares during the period. Elevation Wealth Partners LLC grew its stake in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock valued at $25,000 after buying an additional 15 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Equinix in the 4th quarter valued at about $30,000. Physician Wealth Advisors Inc. raised its holdings in Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 24 shares during the period. Finally, Trust Co. of Vermont bought a new position in Equinix in the 2nd quarter valued at about $34,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Up 0.5%

Shares of NASDAQ:EQIX opened at $1,041.21 on Wednesday. The company has a market capitalization of $102.74 billion, a P/E ratio of 67.05, a P/E/G ratio of 1.48 and a beta of 0.99. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business's 50 day simple moving average is $1,042.89 and its 200 day simple moving average is $1,037.98.

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

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix's payout ratio is presently 132.90%.

Insider Transactions at Equinix

In other Equinix news, insider Michael Paladin sold 307 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were 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 in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the sale, the director owned 13,734 shares of the company's stock, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,770 shares of company stock valued at $4,884,197. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Equinix from $1,130.00 to $1,135.00 and gave the stock an "equal weight" rating in a report on Tuesday. Weiss Ratings raised Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Scotiabank restated a "sector perform" rating and issued a $1,208.00 price target on shares of Equinix in a research note on Thursday, July 30th. Evercore reiterated an "outperform" rating and set a $1,270.00 price objective on shares of Equinix in a research report on Tuesday, August 18th. Finally, Citigroup reissued a "market outperform" rating on shares of Equinix in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Equinix currently has a consensus rating of "Moderate Buy" and an average target price of $1,203.60.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company's Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.

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