B&I Capital AG Has $22.41 Million Stock Holdings in Equinix, Inc. $EQIX

B&I Capital AG grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.5% in the first quarter, HoldingsChannel.com reports. The firm owned 22,860 shares of the financial services provider’s stock after buying an additional 1,400 shares during the quarter. Equinix comprises approximately 7.6% of B&I Capital AG’s holdings, making the stock its 4th largest holding. B&I Capital AG’s holdings in Equinix were worth $22,408,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Equinix in the fourth quarter worth $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Equinix by 408.1% during the 3rd 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 valued at $929,312,000 after buying an additional 953,001 shares during the period. SG Americas Securities LLC grew its holdings in Equinix by 377,167.4% in the 4th 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 last quarter. Cohen & Steers Inc. grew its holdings in Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after acquiring an additional 493,141 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Equinix by 30.0% in the fourth quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after acquiring an additional 252,964 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director owned 17,557 shares in the company, valued at $18,615,511.53. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,115 shares of company stock worth $12,022,574 over the last 90 days. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on EQIX. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. Citigroup raised their target price on Equinix from $1,240.00 to $1,260.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Morgan Stanley increased their price objective on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $1,155.64.

Equinix Trading Down 1.3%

Shares of EQIX opened at $1,009.14 on Friday. Equinix, Inc. has a 1-year low of $720.62 and a 1-year 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. The firm’s 50-day moving average price is $1,061.72 and its 200-day moving average price is $976.52. The firm has a market capitalization of $99.52 billion, a price-to-earnings ratio of 69.84, a PEG ratio of 1.90 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $9.67 earnings per share. Equinix’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio is 142.84%.

Equinix Company 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.