Elliott Investment Management L.P. Takes Position in Equinix, Inc. $EQIX

Key Points

• Elliott Investment Management L.P. has invested $122.30 million in Equinix, Inc., acquiring 150,000 shares, making it the firm's 11th largest holding.
• Total institutional ownership of Equinix stands at 94.94%, with significant increases in holdings from other large investors such as Vanguard and JPMorgan Chase.
• Equinix recently announced a quarterly dividend of $4.69 per share, with a dividend yield of 2.4% and a payout ratio of 183.74%.

Elliott Investment Management L.P. bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the financial services provider's stock, valued at approximately $122,302,000. Equinix comprises approximately 0.8% of Elliott Investment Management L.P.'s portfolio, making the stock its 11th largest holding. Elliott Investment Management L.P. owned 0.15% of Equinix as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Equinix by 82,340.9% in the first quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after buying an additional 889,282 shares during the last quarter. Nuveen LLC purchased a new position in shares of Equinix in the first quarter worth $662,663,000. JPMorgan Chase & Co. raised its holdings in shares of Equinix by 22.5% in 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 last quarter. National Bank of Canada FI raised its holdings in shares of Equinix by 169.7% in the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock worth $321,427,000 after buying an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after buying an additional 242,121 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the firm'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 owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQIX. Truist Financial raised their price target on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Barclays raised their price target on shares of Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Stifel Nicolaus decreased their price target 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. Wall Street Zen cut shares of Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Five 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.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $962.52.

Equinix Stock Performance

EQIX stock traded up $5.75 during midday trading on Friday, hitting $773.68. 321,970 shares of the stock traded hands, compared to its average volume of 378,185. The firm has a market cap of $75.72 billion, a P/E ratio of 75.78, a PEG ratio of 1.37 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock's fifty day simple moving average is $780.36 and its 200-day simple moving average is $828.37. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

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

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.