Easterly Investment Partners LLC Decreases Stake in Equinix, Inc. $EQIX

Key Points

• Easterly Investment Partners LLC reduced its stake in Equinix, Inc. by 9.9%, owning 28,875 shares valued at approximately $22.97 million, making it the firm's 6th largest investment position.
• Equinix recently declared a quarterly dividend of $4.69 per share, resulting in an annualized dividend yield of 2.3%.
• Analysts have mixed opinions on Equinix, with the stock receiving various ratings, including five Strong Buy ratings, alongside an average price target of $960.14.

Easterly Investment Partners LLC cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,875 shares of the financial services provider's stock after selling 3,185 shares during the period. Equinix comprises approximately 1.6% of Easterly Investment Partners LLC's investment portfolio, making the stock its 6th biggest position. Easterly Investment Partners LLC's holdings in Equinix were worth $22,969,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after buying an additional 12 shares during the period. Signaturefd LLC lifted its stake in shares of Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after buying an additional 12 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Equinix by 5.1% during the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after buying an additional 12 shares during the last quarter. Gitterman Wealth Management LLC increased its position in shares of Equinix by 5.0% during the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after acquiring an additional 12 shares in the last quarter. Finally, Sava Infond d.o.o. raised its holdings in shares of Equinix by 2.0% in the 1st quarter. Sava Infond d.o.o. now owns 678 shares of the financial services provider's stock worth $553,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated 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 owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% 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 corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Guggenheim began coverage on Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 target price on the stock. Morgan Stanley assumed coverage on Equinix in a research report on Thursday. They issued an "overweight" rating and a $950.00 price target for the company. Scotiabank cut their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 26th. Finally, Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $960.14.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $812.77 on Friday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company's 50-day moving average is $785.77 and its 200 day moving average is $812.68. 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 has a market capitalization of $79.54 billion, a P/E ratio of 79.61, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92.

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 for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion during 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 was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Equinix 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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