Caxton Associates LLP Purchases Shares of 31,121 Equinix, Inc. $EQIX

Key Points

• Caxton Associates LLP has acquired 31,121 shares of Equinix, Inc. (NASDAQ:EQIX), valued at approximately $25.4 million, establishing it as the firm's 19th largest holding.
• Institutional investors collectively own 94.94% of Equinix's stock, with several prominent hedge funds, including Vanguard and JPMorgan, recently increasing their stakes.
• Equinix announced a quarterly dividend of $4.69 per share, reflecting a 2.4% dividend yield, amidst a high payout ratio of 183.74%.

Caxton Associates LLP acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,121 shares of the financial services provider's stock, valued at approximately $25,375,000. Equinix makes up 0.9% of Caxton Associates LLP's investment portfolio, making the stock its 19th largest position.

Several other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after buying an additional 17 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Equinix during the fourth quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix during the first quarter worth $30,000. Saudi Central Bank acquired a new position in shares of Equinix during the first quarter worth $31,000. Finally, Quarry LP acquired a new stake in Equinix in the first quarter valued at $31,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Down 1.1%

NASDAQ:EQIX traded down $8.87 on Friday, hitting $788.61. The stock had a trading volume of 367,783 shares, compared to its average volume of 387,476. 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 stock has a market cap of $77.17 billion, a P/E ratio of 77.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm's fifty day simple moving average is $779.38 and its two-hundred day simple moving average is $823.52.

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 the consensus estimate 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 analyst estimates of $2.26 billion. During the same quarter last year, the business posted $9.22 EPS. Equinix's quarterly 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. Analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction that occurred 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 transaction, 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. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Guggenheim assumed coverage on Equinix in a report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price objective for the company. UBS Group cut their price target on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Finally, Bank of America cut their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Equinix has a consensus 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.