MetLife Investment Management LLC Sells 330 Shares of Equinix, Inc. $EQIX

Key Points

• MetLife Investment Management LLC reduced its stake in Equinix, Inc. by 1.2% during the first quarter, owning 28,273 shares valued at approximately $23.05 million.
• Equinix recently announced a quarterly dividend of $4.69 per share, with an annualized yield of 2.4% and a payout ratio of 183.74%.
• Analyst ratings for Equinix are predominantly positive, with a consensus rating of "Buy" and an average price target of $962.52.

MetLife Investment Management LLC decreased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,273 shares of the financial services provider's stock after selling 330 shares during the quarter. MetLife Investment Management LLC's holdings in Equinix were worth $23,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased 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 worth $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Equinix by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after acquiring an additional 291,753 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after acquiring an additional 40,734 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after acquiring an additional 25,290 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Equinix by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after acquiring an additional 65,104 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent analyst reports. Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. TD Securities increased their price target on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Dbs Bank upgraded Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Finally, Scotiabank decreased their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Equinix presently has an average rating of "Buy" and a consensus target price of $962.52.

Insider Activity

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction on Tuesday, June 3rd. The stock was 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 of the company's stock, valued at $8,508,409.65. The trade was a 23.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business'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 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 disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $8.77 during midday trading on Wednesday, hitting $790.56. 413,972 shares of the company's stock were exchanged, compared to its average volume of 435,906. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The company's 50 day moving average price is $790.10 and its 200 day moving average price is $836.02. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The firm has a market capitalization of $77.36 billion, a PE ratio of 77.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the company posted $9.22 EPS. Equinix's quarterly 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. As a group, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's dividend payout ratio (DPR) 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.