MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Boosts Stock Position in Equinix, Inc. $EQIX

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Equinix, Inc. by 20.2% during the second quarter, bringing their total holdings to $2.84 million.
• Equinix reported a strong quarterly performance with $9.91 earnings per share (EPS), significantly exceeding analysts' estimates of $3.49.
• The company announced a quarterly dividend of $4.69 with a dividend yield of 2.4%, despite a high payout ratio of 183.74%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 20.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,570 shares of the financial services provider's stock after buying an additional 599 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Equinix were worth $2,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after buying an additional 12 shares during the last quarter. Signaturefd LLC increased its stake in Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 12 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 12 shares during the last quarter. Gitterman Wealth Management LLC increased its position in shares of Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. increased its position in shares of Equinix by 0.7% during the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Trading Down 0.9%

Shares of EQIX stock opened at $782.88 on Friday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock's 50-day moving average price is $783.66 and its 200-day moving average price is $817.11. The stock has a market capitalization of $76.61 billion, a price-to-earnings ratio of 76.68, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the firm posted $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. Equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's payout ratio is 183.74%.

Insider Activity

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQIX. Wells Fargo & Company dropped their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Bank of America lowered their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Guggenheim assumed coverage on Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. The Goldman Sachs Group reduced their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, UBS Group dropped their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Equinix has an average rating of "Buy" and an average price target of $962.52.

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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