Groupama Asset Managment Has $25.96 Million Stake in Equinix, Inc. $EQIX

Groupama Asset Managment raised its position in Equinix, Inc. (NASDAQ:EQIX) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,885 shares of the financial services provider’s stock after acquiring an additional 1,570 shares during the period. Groupama Asset Managment’s holdings in Equinix were worth $25,961,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Equinix by 2.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 13 shares during the period. IFP Advisors Inc raised its stake in Equinix by 2.2% in the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 13 shares in the last quarter. UMB Bank n.a. lifted its stake in Equinix by 5.9% during the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 13 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after buying an additional 14 shares in the last quarter. Finally, Warwick Investment Management Inc. grew its holdings in shares of Equinix by 1.7% during the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director owned 17,557 shares of the company’s stock, valued at $18,615,511.53. The trade was a 0.71% 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. Insiders have sold 11,539 shares of company stock worth $12,455,054 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.3%

Shares of NASDAQ EQIX opened at $1,092.19 on Friday. The stock has a market capitalization of $107.71 billion, a P/E ratio of 75.58, a PEG ratio of 2.02 and a beta of 0.99. The firm’s 50 day simple moving average is $1,072.54 and its two-hundred day simple moving average is $934.16. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $9.67 EPS. Equinix’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts expect that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Analysts Set New Price Targets

EQIX has been the topic of several research reports. Oppenheimer restated an “outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. Mizuho lifted their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley upped their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Three investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.