Canada Pension Plan Investment Board Boosts Position in Equinix, Inc. $EQIX

Key Points

• The Canada Pension Plan Investment Board increased its stake in Equinix, Inc. by 17.8%, acquiring an additional 160,853 shares, bringing its total ownership to approximately 1.09% of the company.
• Equinix has recently announced a quarterly dividend of $4.69 per share, resulting in an annualized dividend yield of 2.4%, despite having a high payout ratio of 183.74%.
• Analysts have mixed ratings for Equinix, with five analysts rating it as a Strong Buy, while others have downgraded their price targets amid changing market conditions.

Canada Pension Plan Investment Board raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,063,487 shares of the financial services provider's stock after acquiring an additional 160,853 shares during the period. Equinix makes up 0.8% of Canada Pension Plan Investment Board's investment portfolio, making the stock its 26th biggest holding. Canada Pension Plan Investment Board owned 1.09% of Equinix worth $867,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Pinney & Scofield Inc. purchased a new stake in shares of Equinix during the 4th quarter worth $28,000. GKV Capital Management Co. Inc. purchased a new stake in Equinix during the first quarter worth about $30,000. Pacific Center for Financial Services increased 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 valued at $36,000 after buying an additional 15 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 23 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake 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 purchasing an additional 12 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. This represents a 23.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were 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. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix Trading Down 0.0%

Shares of NASDAQ:EQIX traded down $0.16 during trading on Monday, reaching $786.19. The stock had a trading volume of 321,930 shares, compared to its average volume of 389,100. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The business has a fifty day moving average price of $786.16 and a 200-day moving average price of $832.52. The stock has a market cap of $76.94 billion, a P/E ratio of 77.00, a PEG ratio of 1.40 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

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 for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm posted $9.22 EPS. Equinix's 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 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 issued a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is 183.74%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America lowered their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Wells Fargo & Company cut their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Wall Street Zen lowered shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Dbs Bank raised shares of Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group reduced their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $962.52.

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.