Caisse DE Depot ET Placement DU Quebec Has $64.73 Million Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Equinix, Inc. by 249.7% in the first quarter, owning $64.73 million worth of the company's stock.
• Equinix's stock has received diverse ratings from analysts, with five analysts recommending a Strong Buy rating and a consensus price target of $962.52.
• The company recently declared a quarterly dividend of $4.69, which translates to an annualized yield of 2.4% and a dividend payout ratio of 183.74%.

Caisse DE Depot ET Placement DU Quebec raised its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 249.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,393 shares of the financial services provider's stock after purchasing an additional 56,693 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Equinix worth $64,733,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Pinney & Scofield Inc. acquired a new stake in shares of Equinix during the 4th quarter valued at $28,000. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix during the first quarter worth about $30,000. Pacific Center for Financial Services grew its holdings in shares of Equinix by 65.2% during 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 last quarter. Whipplewood Advisors LLC increased its stake in shares of Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after buying an additional 23 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in Equinix by 40.0% in the 1st 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 last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on EQIX. Wells Fargo & Company cut their target price 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. BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a research report on Thursday, May 1st. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a research report on Monday, April 28th. TD Securities lifted their target price on shares of Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. 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. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $962.52.

Insider Buying and Selling at Equinix

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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. This represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Stock Down 0.5%

Shares of NASDAQ EQIX opened at $782.38 on Tuesday. The company has a market capitalization of $76.56 billion, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. 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 quick ratio of 1.54 and a current ratio of 1.54. The company's 50 day moving average price is $794.13 and its 200-day moving average price is $836.71.

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 (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 the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

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