Erste Asset Management GmbH Cuts Stake in Equinix, Inc. $EQIX

Key Points

• Erste Asset Management GmbH reduced its holdings in Equinix, Inc. by 9.5%, now owning 40,611 shares valued at approximately $33.17 million.
• Equinix reported earnings of $9.91 per share for the last quarter, significantly exceeding analyst estimates of $3.49, with revenue matching expectations at $2.26 billion.
• The company declared a quarterly dividend of $4.69, translating to an annualized dividend yield of 2.4%, but the payout ratio stands at an unusually high 183.74%.

Erste Asset Management GmbH lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 40,611 shares of the financial services provider's stock after selling 4,250 shares during the quarter. Erste Asset Management GmbH's holdings in Equinix were worth $33,172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Pinney & Scofield Inc. acquired a new stake in Equinix during the 4th quarter valued at approximately $28,000. GKV Capital Management Co. Inc. acquired a new stake in Equinix during the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC increased its position in Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC increased its position in Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 12 shares during the period. Finally, Pacific Center for Financial Services grew its position in shares of Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Up 1.8%

NASDAQ EQIX traded up $14.28 during mid-day trading on Friday, hitting $786.47. The company's stock had a trading volume of 317,006 shares, compared to its average volume of 461,883. The company's 50 day simple moving average is $796.24 and its 200 day simple moving average is $838.47. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $76.97 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 1.42 and a beta of 0.90.

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

Equinix Dividend Announcement

The firm 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 $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 presently 183.74%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective 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. Bank of America reduced their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. UBS Group reduced their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $962.52.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction on Tuesday, June 3rd. The stock was 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 in the company, valued at $8,508,409.65. This represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

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.