Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Equinix, Inc. by 2.1%, owning 20,709 shares valued at approximately $16.47 million.
• Institutional investors control nearly 95% of Equinix's stock, with significant recent investments from firms like Nuveen, JPMorgan, and Vanguard.
• Equinix recently declared a quarterly dividend of $4.69, representing an annualized payout of $18.76 and a dividend yield of 2.4%.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,709 shares of the financial services provider's stock after purchasing an additional 435 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Equinix were worth $16,473,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EQIX. Nuveen LLC purchased a new stake in Equinix during the first quarter valued at about $662,663,000. JPMorgan Chase & Co. raised its position in 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 in the last quarter. National Bank of Canada FI raised its position in 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 in the last quarter. Vanguard Group Inc. raised its position in Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after purchasing an additional 242,121 shares in the last quarter. Finally, Amundi increased its holdings in shares of Equinix by 21.6% in the first quarter. Amundi now owns 1,068,003 shares of the financial services provider's stock worth $856,637,000 after buying an additional 189,383 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In other news, 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 of the company's stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EQIX. The Goldman Sachs Group decreased their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. UBS Group decreased their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Truist Financial lifted their price objective on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Equinix in a report on Saturday, September 27th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $960.65.

Equinix Stock Performance

Equinix stock opened at $778.74 on Friday. 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's 50 day simple moving average is $782.18 and its two-hundred day simple moving average is $814.20. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a market cap of $76.21 billion, a price-to-earnings ratio of 76.27, a PEG ratio of 1.39 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts' consensus estimates 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 EPS. The business's revenue for the quarter 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 expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given 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 payout ratio is currently 183.74%.

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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