Natixis Lowers Stake in Equinix, Inc. $EQIX

Natixis reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 53.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 127,871 shares of the financial services provider’s stock after selling 147,519 shares during the quarter. Equinix makes up approximately 0.5% of Natixis’ investment portfolio, making the stock its 27th biggest position. Natixis’ holdings in Equinix were worth $101,718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gitterman Wealth Management LLC increased its position in shares of Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 12 shares in the last quarter. Quent Capital LLC grew its stake in shares of Equinix by 4.8% in the second quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after buying an additional 13 shares in the last quarter. Whittier Trust Co. lifted its position in Equinix by 1.3% during the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC boosted its holdings in Equinix by 10.9% in the 2nd quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 13 shares during the period. Finally, Bank of Jackson Hole Trust grew its position in Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $741.58 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $72.82 billion, a price-to-earnings ratio of 67.91, a PEG ratio of 1.51 and a beta of 1.05. Equinix, Inc. has a one year low of $701.41 and a one year high of $989.84. The company’s 50-day simple moving average is $793.04 and its 200-day simple moving average is $804.24.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping the consensus estimate of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Morgan Stanley assumed coverage on shares of Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. Finally, Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and an average price target of $961.33.

Insiders Place Their Bets

In related news, Chairman Charles J. Meyers sold 5,087 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the completion of the sale, the chairman owned 10,426 shares of the company’s stock, valued at $8,116,328.22. This represents a 32.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,108 shares of company stock worth $6,929,276. Corporate insiders own 0.27% of the company’s stock.

Equinix Company 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.