Douglas Lane & Associates LLC Lowers Position in Equinix, Inc. $EQIX

Key Points

• Douglas Lane & Associates LLC has decreased its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.1% this quarter, now holding approximately $74.4 million in shares.
• Equinix reported a strong earnings performance with an EPS of $9.91, exceeding analysts' expectations significantly.
• A recent quarterly dividend of $4.69 was announced for shareholders, reflecting an annualized yield of 2.4%.

Douglas Lane & Associates LLC cut its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,525 shares of the financial services provider's stock after selling 4,046 shares during the period. Equinix accounts for approximately 1.1% of Douglas Lane & Associates LLC's portfolio, making the stock its 27th largest position. Douglas Lane & Associates LLC owned 0.10% of Equinix worth $74,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. Activest Wealth Management lifted its holdings in Equinix by 121.4% in 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 during the period. Pinney & Scofield Inc. purchased a new position in shares of Equinix during the fourth quarter valued at approximately $28,000. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix during the first quarter valued at approximately $30,000. Saudi Central Bank purchased a new position in shares of Equinix during the first quarter valued at approximately $31,000. Finally, Quarry LP purchased a new position in shares of Equinix during the first quarter valued at approximately $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 404 shares of Equinix 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 sale, the executive vice president owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction 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 sale, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $788.61 on Friday. 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, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm has a market cap of $77.17 billion, a P/E ratio of 77.24, a PEG ratio of 1.42 and a beta of 0.92. The company has a 50 day moving average of $779.38 and a 200 day moving average of $822.92.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm posted $9.22 EPS. The firm'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, research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is 183.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EQIX shares. Guggenheim started coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price for the company. Stifel Nicolaus lowered their target price on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Wolfe Research lowered shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $962.52.

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.

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