Equinix, Inc. $EQIX Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its holdings in Equinix, Inc. by 1.9% during the first quarter, owning over $1.09 billion worth of stock at the end of the period.
• Several large investors also boosted their stakes, with Nisa Investment Advisors LLC growing its position by 71.7% and Truist Financial Corp increasing theirs by 8.2% in the same quarter.
• Equinix plans to pay a quarterly dividend of $4.69 per share, resulting in an annualized dividend yield of 2.4%, despite a high dividend payout ratio of 183.74%.

Dimensional Fund Advisors LP raised its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,333,635 shares of the financial services provider's stock after acquiring an additional 25,290 shares during the period. Dimensional Fund Advisors LP owned approximately 1.36% of Equinix worth $1,087,334,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Equinix by 82,340.9% during the 1st quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after purchasing an additional 889,282 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Equinix in the first quarter valued at about $662,663,000. Northern Trust Corp boosted its holdings in Equinix by 65.3% during the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock worth $1,399,042,000 after buying an additional 586,034 shares in the last quarter. JPMorgan Chase & Co. grew its position in Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after buying an additional 291,753 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after acquiring an additional 248,075 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 0.5%

Shares of NASDAQ EQIX traded up $3.81 during midday trading on Tuesday, reaching $773.46. 297,570 shares of the stock were exchanged, compared to its average volume of 625,646. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The stock has a 50 day moving average price of $805.88 and a 200-day moving average price of $842.00. The company has a market capitalization of $75.69 billion, a P/E ratio of 75.76, a P/E/G ratio of 1.41 and a beta of 0.90. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

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, beating 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 firm 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 earned $9.22 earnings per share. Equinix'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. Equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

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

Analysts Set New Price Targets

EQIX has been the subject of several research reports. Cfra Research cut Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Citigroup lifted their target price on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Five research 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 an average rating of "Buy" and an average price target of $962.24.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the business's 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 transaction, the chief executive officer directly owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

About Equinix

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.