AlphaQuest LLC Buys 2,040 Shares of Equinix, Inc. $EQIX

Key Points

• AlphaQuest LLC has significantly increased its stake in Equinix, Inc. by 1,020.0% during the 1st quarter, owning 2,240 shares worth approximately $1,826,000.
• Several institutional investors, including Brighton Jones LLC and TD Waterhouse Canada Inc., have also raised their holdings in Equinix, demonstrating strong institutional interest in the stock.
• Equinix recently reported earnings of $9.91 per share for the quarter, exceeding expectations and marking a 4.5% increase in revenue year-over-year.

AlphaQuest LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1,020.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,240 shares of the financial services provider's stock after buying an additional 2,040 shares during the period. AlphaQuest LLC's holdings in Equinix were worth $1,826,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on 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 owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of 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 position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

Shares of EQIX traded down $4.09 during trading hours on Monday, hitting $782.38. The stock had a trading volume of 348,945 shares, compared to its average volume of 453,594. The company's fifty day moving average is $794.13 and its two-hundred day moving average is $836.71. 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 stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 76.63, a P/E/G ratio of 1.42 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS 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 paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend 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 currently 183.74%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQIX. Guggenheim began coverage on shares of Equinix in a research note on Thursday, July 10th. They set a "buy" rating and a $933.00 target price for the company. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a research note on Monday, April 28th. BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a research note on Thursday, May 1st. BMO Capital Markets cut 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 research note on Thursday, June 26th. Finally, Wall Street Zen cut shares of Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $962.52.

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.