NewEdge Advisors LLC Has $2.08 Million Stock Holdings in Equinix, Inc. $EQIX

Key Points

• NewEdge Advisors LLC increased its holdings in Equinix, Inc. by 29.2%, owning a total of 2,551 shares valued at approximately $2.08 million.
• Several institutional investors, including Gotham Asset Management, significantly raised their stakes in Equinix during the first quarter, with Gotham's holdings increasing by 165.5%.
• Equinix recently announced a quarterly dividend of $4.69 per share, reflecting a yield of 2.4% and a high dividend payout ratio of 183.74%.

NewEdge Advisors LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 29.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,551 shares of the financial services provider's stock after purchasing an additional 576 shares during the quarter. NewEdge Advisors LLC's holdings in Equinix were worth $2,080,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Nippon Life Global Investors Americas Inc. grew its stake in shares of Equinix by 8.6% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 1,260 shares of the financial services provider's stock worth $1,027,000 after purchasing an additional 100 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Equinix by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,002 shares of the financial services provider's stock worth $43,215,000 after purchasing an additional 9,523 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock worth $425,000 after purchasing an additional 54 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Equinix by 165.5% in the first quarter. Gotham Asset Management LLC now owns 17,838 shares of the financial services provider's stock worth $14,544,000 after purchasing an additional 11,120 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its stake in shares of Equinix by 2.9% in the first quarter. Boothbay Fund Management LLC now owns 27,475 shares of the financial services provider's stock worth $22,402,000 after purchasing an additional 781 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQIX. JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Tuesday, July 22nd. Scotiabank reduced their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 26th. The Goldman Sachs Group cut their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Mizuho cut their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $962.52.

Equinix Price Performance

EQIX stock opened at $797.48 on Friday. The stock has a market capitalization of $78.04 billion, a PE ratio of 78.11, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The company's 50-day moving average is $779.35 and its 200-day moving average is $824.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio is 183.74%.

About Equinix

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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.