Wellington Management Group LLP Has $1.41 Billion Position in Equinix, Inc. $EQIX

Key Points

• Wellington Management Group LLP has reduced its stake in Equinix, Inc. by 4.0%, now owning 1.77% of the company worth approximately $1.41 billion.
• Equinix declared a quarterly dividend of $4.69 per share, with a 2.4% dividend yield, scheduled for payment on September 17th.
• The firm reported a significant earnings beat with $9.91 EPS for the last quarter, surpassing estimates by $6.42, while revenue rose by 4.5% year-over-year.

Wellington Management Group LLP reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,732,415 shares of the financial services provider's stock after selling 71,812 shares during the quarter. Wellington Management Group LLP owned approximately 1.77% of Equinix worth $1,412,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Equinix by 82,340.9% during the first quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock valued at $725,957,000 after purchasing an additional 889,282 shares during the last quarter. Nuveen LLC bought a new position in shares of Equinix during the first quarter valued at approximately $662,663,000. Northern Trust Corp grew its holdings in shares of Equinix by 65.3% during the fourth quarter. Northern Trust Corp now owns 1,483,781 shares of the financial services provider's stock valued at $1,399,042,000 after purchasing an additional 586,034 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after purchasing an additional 291,753 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after purchasing an additional 248,075 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on EQIX. Stifel Nicolaus lowered their target price on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. TD Securities boosted their price objective on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. UBS Group reduced their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. The Goldman Sachs Group reduced their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, Barclays boosted their price objective on Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $962.52.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of 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 position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

EQIX traded up $14.28 during trading on Friday, reaching $786.47. The stock had a trading volume of 317,006 shares, compared to its average volume of 461,883. The firm has a market capitalization of $76.96 billion, a price-to-earnings ratio of 77.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock has a 50 day moving average of $796.24 and a two-hundred day moving average of $839.14.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's dividend payout ratio is currently 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.