Equinix, Inc. $EQIX Shares Bought by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Equinix, Inc. by 1.2% in Q2, now holding 51,667 shares valued at $41.1 million.
• Equinix reported a strong earnings quarter with $9.91 EPS, significantly beating analyst estimates, and a revenue of $2.26 billion, which aligns with expectations.
• The company declared a quarterly dividend of $4.69 per share, translating to an annualized dividend of $18.76 and a yield of 2.3%.

Chevy Chase Trust Holdings LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,667 shares of the financial services provider's stock after purchasing an additional 622 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Equinix worth $41,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQIX. Brighton Jones LLC boosted its stake in Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Equinix by 7.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,557 shares of the financial services provider's stock worth $3,715,000 after purchasing an additional 329 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Equinix by 38.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 467 shares of the financial services provider's stock valued at $381,000 after acquiring an additional 129 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Equinix by 72.0% during the 1st quarter. CWA Asset Management Group LLC now owns 399 shares of the financial services provider's stock valued at $325,000 after acquiring an additional 167 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in shares of Equinix by 4.8% during the 1st quarter. Johnson Investment Counsel Inc. now owns 2,964 shares of the financial services provider's stock valued at $2,417,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Up 0.1%

NASDAQ EQIX opened at $813.93 on Friday. The firm's 50-day moving average is $786.53 and its two-hundred day moving average is $812.66. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. 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 has a market capitalization of $79.65 billion, a P/E ratio of 79.72, a PEG ratio of 1.40 and a beta of 0.92.

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, 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 company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the company posted $9.22 earnings per share. Equinix's revenue for the quarter 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. On average, sell-side 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 was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix's dividend payout ratio is 183.74%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Guggenheim assumed coverage on shares of Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 price target on the stock. Scotiabank lowered their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 26th. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Mizuho lowered their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Finally, Dbs Bank raised shares of Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. 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 stock. According to data from MarketBeat, Equinix has an average rating of "Buy" and a consensus target price of $960.14.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated 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 in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president owned 6,378 shares in the company, valued at $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 owned by corporate insiders.

Equinix Company 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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