Adelante Capital Management LLC Has $116.69 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• Adelante Capital Management LLC sold 7,973 shares of Equinix, reducing its stake by 5.3%, making Equinix its 3rd biggest holding, valued at approximately $116.7 million.
• Equinix's recent earnings beat consensus estimates with a reported $9.91 EPS, significantly higher than the expected $3.49, along with a revenue of $2.26 billion for the quarter.
• The company declared a quarterly dividend of $4.69 per share, with an annualized yield of 2.4%, while its payout ratio stands at 183.74%.

Adelante Capital Management LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,114 shares of the financial services provider's stock after selling 7,973 shares during the period. Equinix accounts for approximately 8.2% of Adelante Capital Management LLC's holdings, making the stock its 3rd biggest position. Adelante Capital Management LLC owned approximately 0.15% of Equinix worth $116,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Activest Wealth Management lifted its position in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after purchasing an additional 17 shares during the period. Pinney & Scofield Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at $28,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix in the first quarter valued at $30,000. Saudi Central Bank bought a new position in Equinix during the first quarter valued at about $31,000. Finally, Quarry LP acquired a new position in Equinix during the first quarter worth about $31,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other news, 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 transaction of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Tuesday, July 22nd. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Wells Fargo & Company decreased their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Finally, Mizuho dropped their price target on Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Five investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $962.52.

Equinix Trading Up 0.1%

NASDAQ EQIX traded up $1.06 on Wednesday, hitting $780.60. 488,572 shares of the stock were exchanged, compared to its average volume of 390,192. The company's 50-day moving average price is $779.45 and its two-hundred day moving average price is $825.41. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.39 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $9.22 earnings per share. Equinix's revenue for the quarter was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio is presently 183.74%.

Equinix Company 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.