Bank of Montreal Can Reduces Stake in Equinix, Inc. $EQIX

Bank of Montreal Can lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,715 shares of the financial services provider’s stock after selling 10,994 shares during the period. Bank of Montreal Can owned 0.10% of Equinix worth $79,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQIX. Valeo Financial Advisors LLC grew its position in shares of Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. Nuveen LLC acquired a new position in shares of Equinix during the first quarter worth about $662,663,000. JPMorgan Chase & Co. lifted its stake in shares of Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. National Bank of Canada FI lifted its holdings in Equinix by 169.7% in the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock worth $321,427,000 after buying an additional 248,075 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the sale, the insider owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 579 shares of company stock worth $454,188. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX opened at $829.91 on Wednesday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market cap of $81.49 billion, a PE ratio of 76.00, a P/E/G ratio of 1.38 and a beta of 0.92. The business has a fifty day simple moving average of $798.51 and a 200-day simple moving average of $817.48.

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 business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.Equinix’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EQIX shares. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. Dbs Bank raised Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets set a $900.00 price objective on Equinix and gave the stock a “market perform” rating in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $960.76.

Equinix 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.