M&T Bank Corp Boosts Stake in Equinix, Inc. $EQIX

Key Points

• M&T Bank Corp boosted its stake in Equinix by 665.2% in Q4, adding 28,279 shares to hold 32,530 shares valued at about $24.92 million, while institutional investors own roughly 94.94% of the stock.
• Equinix beat quarterly EPS estimates with $10.79 per share (vs. $4.30 expected) on $2.44 billion of revenue and issued FY2026 EPS guidance of 42.31–43.11.
• Insiders have recently sold shares (including two executives selling ~635 and ~630 shares at ≈$961–$966 each) and the company declared a quarterly dividend of $5.16 (annualized $20.64, ~1.9% yield).

M&T Bank Corp raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 665.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,530 shares of the financial services provider's stock after purchasing an additional 28,279 shares during the quarter. M&T Bank Corp's holdings in Equinix were worth $24,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Equinix by 408.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider's stock worth $929,312,000 after acquiring an additional 953,001 shares during the period. SG Americas Securities LLC increased its position in shares of Equinix by 377,167.4% during the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider's stock worth $549,190,000 after acquiring an additional 716,618 shares during the period. JPMorgan Chase & Co. increased its position in shares of Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock worth $2,252,094,000 after acquiring an additional 588,967 shares during the period. Vanguard Group Inc. increased its position in shares of Equinix by 1.2% during the third quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider's stock worth $10,410,575,000 after acquiring an additional 162,638 shares during the period. Finally, Woodline Partners LP increased its position in shares of Equinix by 1,512.2% during the third quarter. Woodline Partners LP now owns 170,199 shares of the financial services provider's stock worth $133,307,000 after acquiring an additional 159,642 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other news, insider Jonathan Lin sold 635 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares in the company, valued at $10,418,079.48. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 630 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the transaction, the insider owned 10,394 shares of the company's stock, valued at $9,990,608.86. This represents a 5.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 6,380 shares of company stock valued at $6,179,022 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Down 0.2%

Shares of NASDAQ:EQIX opened at $1,083.20 on Tuesday. The stock has a fifty day simple moving average of $1,004.95 and a two-hundred day simple moving average of $871.69. The stock has a market capitalization of $106.83 billion, a price-to-earnings ratio of 74.96, a PEG ratio of 2.09 and a beta of 1.01. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix's payout ratio is presently 142.84%.

Analyst Ratings Changes

EQIX has been the topic of a number of research reports. Stifel Nicolaus set a $1,075.00 target price on shares of Equinix in a research report on Thursday, February 12th. Barclays raised their target price on shares of Equinix from $1,020.00 to $1,109.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equinix in a research report on Thursday, January 22nd. Raymond James Financial raised shares of Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 target price on the stock in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Equinix from $950.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Equinix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,119.92.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix's offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.

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