Equinix, Inc. $EQIX Shares Sold by Vanderbilt University

Key Points

• Vanderbilt University sold 2,603 shares of Equinix, Inc., reducing its holdings by 35% in the second quarter, bringing its total ownership to 4,836 shares valued at approximately $3.8 million.
• Equinix received multiple analyst upgrades and downgrades, with a consensus target price of $962.52 and a mix of ratings including five Strong Buy and nineteen Buy ratings.
• The company has announced a quarterly dividend of $4.69, representing an annualized yield of 2.4%, though it has a high dividend payout ratio of 183.74%.

Vanderbilt University decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 35.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,836 shares of the financial services provider's stock after selling 2,603 shares during the period. Equinix comprises approximately 0.7% of Vanderbilt University's portfolio, making the stock its 26th largest position. Vanderbilt University's holdings in Equinix were worth $3,847,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after acquiring an additional 17 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in shares of Equinix in the second quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix in the first quarter worth $30,000. Saudi Central Bank acquired a new position in shares of Equinix in the first quarter worth $31,000. Finally, Quarry LP acquired a new position in shares of Equinix in the first quarter worth $31,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research reports. Guggenheim initiated coverage on shares of Equinix in a research note on Thursday, July 10th. They issued a "buy" rating and a $933.00 price target for the company. Scotiabank decreased their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Stifel Nicolaus decreased their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Finally, Mizuho decreased their price objective on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $962.52.

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. This represents a 0.42% 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.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $772.60 on Friday. The company has a 50-day simple moving average of $782.63 and a 200-day simple moving average of $814.92. Equinix, Inc. has a one year low of $701.41 and a one year 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. The stock has a market capitalization of $75.61 billion, a price-to-earnings ratio of 75.67, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last announced 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 business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the company earned $9.22 earnings per share. The business'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. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is presently 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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