APG Asset Management US Inc. Sells 4,202 Shares of Equinix, Inc. $EQIX

Key Points

• APG Asset Management US Inc. has reduced its stake in Equinix, Inc. by 0.4%, selling 4,202 shares, and now owns approximately $976.29 million worth of the stock.
• Institutional investors and hedge funds hold a significant 94.94% of Equinix's shares, indicating strong institutional support for the company.
• Equinix reported impressive quarterly earnings with an EPS of $9.91, significantly surpassing analysts' expectations, along with an upcoming dividend of $4.69 per share.

APG Asset Management US Inc. trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,195,041 shares of the financial services provider's stock after selling 4,202 shares during the period. Equinix makes up 7.5% of APG Asset Management US Inc.'s portfolio, making the stock its 3rd biggest position. APG Asset Management US Inc. owned 1.22% of Equinix worth $976,289,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EQIX. Pinney & Scofield Inc. acquired a new position in Equinix in the fourth quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new position in Equinix in the first quarter worth $30,000. Whipplewood Advisors LLC boosted its holdings in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Equinix by 40.0% in the first 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 during the period. Finally, Pacific Center for Financial Services boosted its holdings in Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EQIX shares. Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Barclays increased their target price on Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. New Street Research raised Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $962.52.

Insider Activity at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business's 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 $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Trading Down 0.5%

NASDAQ EQIX traded down $4.09 on Monday, hitting $782.38. 348,945 shares of the stock were exchanged, compared to its average volume of 619,613. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. 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 company 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. The company's 50-day moving average price is $796.24 and its two-hundred day moving average price is $837.77.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned $9.22 EPS. The company's revenue 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 firm 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 payout ratio is currently 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.