Partners Group Holding AG Purchases 4,968 Shares of Equinix, Inc. $EQIX

Key Points

• Partners Group Holding AG increased its stake in Equinix, Inc. by 10.6% in the first quarter, bringing its total ownership to 51,787 shares valued at approximately $42.2 million.
• Equinix reported earnings of $9.91 per share for the most recent quarter, significantly exceeding analysts' expectations of $3.49.
• The company declared a quarterly dividend of $4.69 per share, with a yield of 2.4%, despite a high dividend payout ratio of 183.74%.

Partners Group Holding AG increased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,787 shares of the financial services provider's stock after purchasing an additional 4,968 shares during the quarter. Equinix makes up 1.8% of Partners Group Holding AG's holdings, making the stock its 17th largest position. Partners Group Holding AG owned about 0.05% of Equinix worth $42,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. American Century Companies Inc. raised its stake in Equinix by 4.0% in the first quarter. American Century Companies Inc. now owns 362,414 shares of the financial services provider's stock valued at $295,494,000 after buying an additional 13,945 shares during the period. Ethic Inc. increased its holdings in shares of Equinix by 3.3% during the 1st quarter. Ethic Inc. now owns 9,034 shares of the financial services provider's stock worth $7,380,000 after acquiring an additional 289 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock valued at $1,087,334,000 after acquiring an additional 25,290 shares during the period. Horizon Investments LLC lifted its holdings in Equinix by 11.7% during the 1st quarter. Horizon Investments LLC now owns 2,395 shares of the financial services provider's stock valued at $1,953,000 after purchasing an additional 251 shares during the last quarter. Finally, Inspire Trust Co. N.A. lifted its holdings in Equinix by 10.5% during the 1st quarter. Inspire Trust Co. N.A. now owns 2,100 shares of the financial services provider's stock valued at $1,712,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares in the company, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

Equinix stock traded up $2.33 during mid-day trading on Wednesday, reaching $775.79. 317,370 shares of the company were exchanged, compared to its average volume of 623,963. The firm has a market cap of $75.92 billion, a PE ratio of 75.98, a PEG ratio of 1.39 and a beta of 0.90. 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 has a fifty day simple moving average of $803.20 and a 200-day simple moving average of $841.53. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $9.22 EPS. The company'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. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is currently 183.74%.

Analysts Set New Price Targets

EQIX has been the topic of several research reports. BNP Paribas raised shares of Equinix to a "strong-buy" rating in a research report on Thursday, May 1st. BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. The Goldman Sachs Group lowered their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Wells Fargo & Company cut their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Finally, Cowen restated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price 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.