Equinix, Inc. $EQIX Shares Sold by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management Ltd. reduced its holdings in Equinix, Inc. by 50.4%, selling 1,603 shares, leaving them with 1,579 shares valued at approximately $1.26 million.
• Multiple institutional investors, including Vanguard Group and JPMorgan Chase, have increased their positions in Equinix, reflecting strong interest in the company's stock.
• Equinix recently announced a quarterly dividend of $4.69 per share, with an annualized yield of 2.4%, despite a high dividend payout ratio of 183.74%.

Lecap Asset Management Ltd. lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 50.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,579 shares of the financial services provider's stock after selling 1,603 shares during the period. Lecap Asset Management Ltd.'s holdings in Equinix were worth $1,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 valued at $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after acquiring an additional 291,753 shares in the last quarter. Northern Trust Corp lifted its position in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after buying an additional 40,734 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after buying an additional 25,290 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Equinix by 8.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,243,446 shares of the financial services provider's stock worth $1,013,844,000 after buying an additional 95,887 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Activity

In related news, Director Christopher B. Paisley sold 75 shares of Equinix 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 completion of the transaction, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Raouf Abdel sold 404 shares of Equinix 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 transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% 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.

Analysts Set New Price Targets

EQIX has been the topic of several analyst reports. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Mizuho lowered their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. Scotiabank lowered their target price on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 26th. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Finally, Guggenheim initiated coverage on shares of Equinix in a research report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price target on the stock. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Equinix has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Price Performance

NASDAQ:EQIX opened at $773.95 on Thursday. The company has a 50-day moving average of $782.97 and a 200-day moving average of $815.50. The company has a market capitalization of $75.74 billion, a price-to-earnings ratio of 75.80, a PEG ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data 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. The company 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 firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last 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. As a group, equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

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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