Guggenheim Capital LLC Decreases Position in Equinix, Inc. $EQIX

Key Points

• Guggenheim Capital LLC has reduced its holdings in Equinix, Inc. by 21.7%, selling 6,665 shares and now owning 23,981 shares valued at approximately $19.55 million.
• Equinix's recent earnings report surpassed expectations, with $9.91 earnings per share, significantly beating the analyst consensus of $3.49, and showing a year-over-year revenue increase of 4.5%.
• The company has declared a quarterly dividend of $4.69 per share set to be paid on September 17th, representing a 2.4% yield and a payout ratio of 183.74%.

Guggenheim Capital LLC lessened its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 21.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,981 shares of the financial services provider's stock after selling 6,665 shares during the quarter. Guggenheim Capital LLC's holdings in Equinix were worth $19,553,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related 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 owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. The trade was a 23.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $790.56 on Thursday. Equinix, Inc. has a 1 year low of $701.41 and a 1 year 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 company's 50-day moving average is $790.10 and its 200 day moving average is $836.02. The stock has a market capitalization of $77.36 billion, a P/E ratio of 77.43, a P/E/G ratio of 1.39 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last announced 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 company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the company earned $9.22 earnings per share. Equinix's quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business 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 dividend of $4.69 per share. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's payout ratio is currently 183.74%.

Analysts Set New Price Targets

EQIX has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. BMO Capital Markets cut shares of Equinix from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Cowen restated a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Finally, Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $962.52.

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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