Equinix, Inc. $EQIX Shares Acquired by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its ownership in Equinix, Inc. by 1.0%, holding approximately 168,768 shares valued at $137.6 million.
• Equinix reported a significant EPS of $9.91 for the last quarter, exceeding expectations by $6.42, along with a revenue of $2.26 billion.
• The company declared a quarterly dividend of $4.69, translating to an annual yield of 2.4%, with a payout ratio of 183.74%.

Adage Capital Partners GP L.L.C. grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,768 shares of the financial services provider's stock after buying an additional 1,600 shares during the period. Adage Capital Partners GP L.L.C. owned 0.17% of Equinix worth $137,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQIX. GAMMA Investing LLC raised its holdings in shares of Equinix by 82,340.9% in the first quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after buying an additional 889,282 shares during the last quarter. Nuveen LLC purchased a new position in shares of Equinix during the first quarter worth $662,663,000. JPMorgan Chase & Co. raised its holdings 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 during the last quarter. National Bank of Canada FI raised its holdings in shares of Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock worth $321,427,000 after purchasing an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Equinix by 1.9% during 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 purchasing an additional 242,121 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Activity

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Barclays raised their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets cut shares of Equinix from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Stock Performance

EQIX traded up $5.75 on Friday, reaching $773.68. The stock had a trading volume of 321,970 shares, compared to its average volume of 378,185. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. 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 business's 50-day moving average price is $780.36 and its two-hundred day moving average price is $828.37. The company has a market cap of $75.72 billion, a P/E ratio of 75.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92.

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

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be given a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. 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.