Bamco Inc. NY Sells 14,070 Shares of Equinix, Inc. $EQIX

Bamco Inc. NY decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 178,348 shares of the financial services provider’s stock after selling 14,070 shares during the quarter. Bamco Inc. NY owned about 0.18% of Equinix worth $139,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Equinix by 1.2% in 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 purchasing an additional 162,638 shares during the period. State Street Corp raised its holdings in shares of Equinix by 3.7% during the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after purchasing an additional 220,981 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after purchasing an additional 588,967 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Equinix by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock valued at $1,542,595,000 after buying an additional 56,592 shares during the period. Finally, APG Asset Management US Inc. increased its position in Equinix by 0.4% in the 3rd quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider’s stock valued at $937,530,000 after buying an additional 5,109 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix News Roundup

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Equinix launched a Distributed AI Hub to help enterprises connect and simplify distributed AI ecosystems — a product move that could drive higher interconnection, colo and edge demand if adoption follows. EQIX Rolls Out Distributed AI Hub
• Neutral Sentiment: Zacks highlights that EQIX is up ~1.4% since its last earnings report and reviews whether that momentum can continue; useful context but not a catalyst by itself. Equinix Up 1.4% Since Last Earnings
• Neutral Sentiment: Market/strategy coverage (Yahoo Finance) asks whether it’s too late to reassess Equinix after a strong share-price run — commentary focused on valuation and timing rather than company fundamentals. Is It Too Late To Reassess Equinix?
• Neutral Sentiment: A recent note pointed out EQIX’s outperformance while the broader market fell — encouraging for relative strength but not definitive on direction. Equinix Ascends While Market Falls
• Negative Sentiment: Multiple insiders sold shares on Mar 12 — including CEO Adaire Fox‑Martin (1,086 sh), EVP Raouf Abdel (584 sh), Brandi Galvin Morandi (630 sh), Jonathan Lin (635 sh) and Chairman Charles J. Meyers (305 sh) — about 3,240 shares total for roughly $3.1M in proceeds. These filings were disclosed to the SEC and can pressure sentiment (though the small percentage ownership reductions suggest routine/portfolio moves). SEC filings: CEO Form 4 EVP Form 4 Insider Form 4 Insider Form 4 Chairman Form 4

Equinix Stock Performance

Shares of EQIX stock opened at $969.90 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a 50-day moving average of $871.78 and a 200-day moving average of $813.88. Equinix, Inc. has a one year low of $701.41 and a one year high of $992.90. The company has a market cap of $95.29 billion, a P/E ratio of 70.54, a P/E/G ratio of 2.49 and a beta of 1.04.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a return on equity of 9.60% and a net margin of 14.65%.The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the firm posted $7.92 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, February 25th. This is a boost from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio (DPR) is presently 150.11%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQIX. The Goldman Sachs Group upped their price target on Equinix from $785.00 to $894.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $1,075.00 target price on shares of Equinix in a report on Thursday, February 12th. Citigroup reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $915.00 price target on Equinix in a research note on Tuesday, January 6th. Finally, Barclays reissued a “positive” rating and set a $870.00 price objective on shares of Equinix in a report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,006.91.

Insider Transactions at Equinix

In related news, CFO Keith D. Taylor sold 2,051 shares of Equinix stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the sale, the chief financial officer directly owned 26,373 shares in the company, valued at approximately $21,208,375.41. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles J. Meyers sold 2,716 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $965.15, for a total value of $2,621,347.40. Following the completion of the transaction, the chairman directly owned 12,594 shares in the company, valued at approximately $12,155,099.10. This represents a 17.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 16,842 shares of company stock worth $14,494,840. 0.27% of the stock is owned by insiders.

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.