Bank of New York Mellon Corp Has $561.40 Million Stock Position in Equinix, Inc. $EQIX

Bank of New York Mellon Corp lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 3.7% during the first quarter, HoldingsChannel.com reports. The firm owned 572,718 shares of the financial services provider’s stock after selling 21,864 shares during the quarter. Bank of New York Mellon Corp’s holdings in Equinix were worth $561,401,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Equinix during the 4th quarter worth about $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Equinix by 408.1% in 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 in the last quarter. SG Americas Securities LLC increased its holdings in Equinix by 377,167.4% in the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock worth $549,190,000 after buying an additional 716,618 shares during the last quarter. Cohen & Steers Inc. increased its holdings in Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Equinix by 30.0% during 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 in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 125 shares of the 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 transaction of $132,536.25. Following the completion of the sale, the director owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,115 shares of company stock valued at $12,022,574. 0.27% of the stock is owned by company insiders.

Equinix Trading Down 1.3%

NASDAQ:EQIX opened at $1,009.14 on Friday. The company’s 50 day moving average is $1,061.72 and its 200-day moving average is $976.52. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The firm has a market cap of $99.52 billion, a price-to-earnings ratio of 69.84, a P/E/G ratio of 1.90 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business 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 EPS. Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared 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. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Analyst Ratings Changes

EQIX has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,207.00 price target on shares of Equinix in a report on Tuesday, May 5th. TD Cowen upped their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. HSBC increased their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,155.64.

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.