J. Safra Sarasin Holding AG Has $1.97 Million Holdings in Equinix, Inc. $EQIX

J. Safra Sarasin Holding AG increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 73.0% in the first quarter, HoldingsChannel reports. The firm owned 2,012 shares of the financial services provider’s stock after purchasing an additional 849 shares during the period. J. Safra Sarasin Holding AG’s holdings in Equinix were worth $1,970,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Avion Wealth boosted its stake in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Equinix in the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC lifted its holdings in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the period. Finally, WPG Advisers LLC boosted its position in Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $1,039.53 on Tuesday. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The company has a market cap of $102.52 billion, a P/E ratio of 71.94, a P/E/G ratio of 1.95 and a beta of 0.98. The business’s 50 day moving average is $1,065.29 and its two-hundred day moving average is $971.05. 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 (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts expect that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on EQIX. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. BTIG Research assumed coverage on shares of Equinix in a report on Friday. They set a “buy” rating and a $1,210.00 price objective for the company. Truist Financial set a $1,215.00 target price on shares of Equinix in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley boosted 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 report on Monday, April 13th. Three 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,155.64.

Insider Activity at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction 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 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. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,115 shares of company stock valued at $12,022,574 in the last quarter. Company insiders own 0.27% of the company’s stock.

About Equinix

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.