APG Asset Management N.V. Has $46.70 Million Stake in Equinix, Inc. $EQIX

Key Points

• APG Asset Management N.V. decreased its stake in Equinix, Inc. by 4.6%, now holding 61,867 shares valued at approximately $46.70 million.
• Equinix's quarterly earnings report revealed an impressive $9.91 earnings per share, significantly exceeding analysts' expectations.
• The firm has recently declared a quarterly dividend of $4.69 per share with a current yield of 2.4% for shareholders of record.

APG Asset Management N.V. decreased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,867 shares of the financial services provider's stock after selling 2,996 shares during the quarter. APG Asset Management N.V. owned 0.06% of Equinix worth $46,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after buying an additional 12 shares during the period. Signaturefd LLC grew its holdings in shares of 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 holdings in shares of Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after buying an additional 12 shares during the period. Gitterman Wealth Management LLC grew its holdings in shares of Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after buying an additional 12 shares during the period. Finally, Griffin Asset Management Inc. grew its holdings in shares of Equinix by 0.7% in the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after buying an additional 13 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EQIX shares. Bank of America decreased their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, April 28th. Mizuho dropped their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Finally, Scotiabank dropped their target price on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 26th. 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 company. According to MarketBeat, Equinix has a consensus rating of "Buy" and an average target price of $962.52.

Equinix Stock Up 1.8%

EQIX stock opened at $786.47 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $76.97 billion, a P/E ratio of 77.03, a P/E/G ratio of 1.42 and a beta of 0.90. The business has a 50-day moving average of $796.24 and a 200-day moving average of $838.47. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during 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%.Equinix's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on 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 directly owned 17,832 shares in the company, valued at approximately $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 is accessible through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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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