Acadian Asset Management LLC Acquires 3,280 Shares of Equinix, Inc. $EQIX

Key Points

• Acadian Asset Management LLC increased its holdings in Equinix, Inc. by 71.3% during the first quarter, purchasing an additional 3,280 shares, bringing their total to 7,883 shares valued at $6,425,000.
• Equinix recently announced a quarterly dividend of $4.69 per share, with an annualized dividend yield of 2.4%.
• Equinix's stock price opened at $788.61 and has a market cap of $77.17 billion, with a consensus rating of "Buy" among analysts.

Acadian Asset Management LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 71.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,883 shares of the financial services provider's stock after purchasing an additional 3,280 shares during the quarter. Acadian Asset Management LLC's holdings in Equinix were worth $6,425,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Equinix by 68.1% during the first quarter. Geneos Wealth Management Inc. now owns 4,003 shares of the financial services provider's stock worth $3,264,000 after buying an additional 1,622 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Equinix by 92.6% in the first quarter. Belpointe Asset Management LLC now owns 599 shares of the financial services provider's stock valued at $488,000 after acquiring an additional 288 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in shares of Equinix in the first quarter valued at about $488,000. Intech Investment Management LLC lifted its position in Equinix by 10.9% during the first quarter. Intech Investment Management LLC now owns 3,094 shares of the financial services provider's stock worth $2,523,000 after purchasing an additional 305 shares during the period. Finally, Focus Partners Wealth lifted its position in Equinix by 19.4% during the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider's stock worth $2,098,000 after purchasing an additional 418 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of Equinix 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 sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EQIX shares. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. BMO Capital Markets lowered shares of 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 report on Thursday, June 26th. Wall Street Zen downgraded shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. The Goldman Sachs Group decreased their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $788.61 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock's fifty day simple moving average is $779.38 and its two-hundred day simple moving average is $822.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock has a market cap of $77.17 billion, a PE ratio of 77.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business's revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts forecast 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, 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 is Wednesday, August 20th. Equinix's payout ratio is presently 183.74%.

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.

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