1832 Asset Management L.P. Boosts Stock Holdings in Equinix, Inc. $EQIX

Key Points

• 1832 Asset Management L.P. increased its holdings in Equinix, Inc. by 2.1% during the first quarter, now owning approximately $39.96 million worth of shares.
• CEO Adaire Fox-Martin recently sold 2,949 shares for nearly $2.61 million, reducing their ownership by 23.47%.
• Equinix's quarterly earnings exceeded estimates, reporting $9.91 earnings per share against a forecast of $3.49, and guidance for FY 2025 is set at 37.670-38.480 EPS.

1832 Asset Management L.P. boosted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,010 shares of the financial services provider's stock after purchasing an additional 998 shares during the period. 1832 Asset Management L.P. owned about 0.05% of Equinix worth $39,960,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after purchasing an additional 242,121 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Equinix by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after purchasing an additional 291,753 shares during the last quarter. Northern Trust Corp lifted its stake in Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock valued at $1,243,013,000 after purchasing an additional 40,734 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock valued at $1,087,334,000 after purchasing an additional 25,290 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Equinix by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock valued at $1,082,022,000 after purchasing an additional 65,104 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EQIX shares. BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. UBS Group lowered their target price on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Citigroup boosted their target price on shares of Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a report on Monday, May 5th. Stifel Nicolaus lowered their target price on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, Guggenheim began coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price on the stock. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $962.52.

Equinix Trading Up 1.8%

Equinix stock opened at $786.47 on Friday. The stock has a market cap of $76.96 billion, a P/E ratio of 77.03, a PEG ratio of 1.39 and a beta of 0.90. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm's fifty day moving average price is $796.24 and its 200-day moving average price is $839.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is 183.74%.

About Equinix

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.

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