Equinix, Inc. $EQIX Shares Acquired by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Equinix, Inc. by 2.8% to a total of 235,368 shares, valued at approximately $191.9 million.
• The company announced a quarterly dividend of $4.69 per share, yielding 2.4%, with the ex-dividend date being August 20th.
• Equinix's latest earnings report showed an EPS of $9.91, significantly exceeding analysts' expectations of $3.49, indicating strong year-over-year growth.

Alliancebernstein L.P. grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,368 shares of the financial services provider's stock after buying an additional 6,512 shares during the period. Alliancebernstein L.P. owned 0.24% of Equinix worth $191,907,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its holdings in shares of Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after buying an additional 12 shares in the last quarter. Signaturefd LLC grew its holdings in Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after purchasing an additional 12 shares during the period. AE Wealth Management LLC grew its holdings in Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 12 shares during the period. Gitterman Wealth Management LLC grew its holdings in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 12 shares during the period. Finally, Griffin Asset Management Inc. grew its holdings in Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after purchasing an additional 13 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Up 1.8%

EQIX traded up $14.03 during trading on Tuesday, hitting $779.54. The company had a trading volume of 357,834 shares, compared to its average volume of 607,471. The company has a market cap of $76.29 billion, a PE ratio of 76.35, a P/E/G ratio of 1.38 and a beta of 0.92. The business has a 50-day moving average of $779.76 and a 200-day moving average of $825.73. 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 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the company posted $9.22 earnings per share. The firm's quarterly revenue 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. As a group, analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

Insider Activity at Equinix

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 completion of the transaction, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EQIX shares. Wall Street Zen downgraded shares of Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Guggenheim assumed coverage on shares of Equinix in a research note on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. Cowen reiterated a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. Finally, Truist Financial boosted their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $962.52.

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.