Pensionfund DSM Netherlands Buys 400 Shares of Equinix, Inc. $EQIX

Key Points

• Pensionfund DSM Netherlands increased its stake in Equinix, Inc. by 3.9%, acquiring an additional 400 shares, making it the fund's second largest position at $8,443,000.
• Equinix reported earnings of $9.91 per share, significantly exceeding analysts' estimates of $3.49, with revenue of $2.26 billion for the quarter.
• The company has announced a quarterly dividend of $4.69 per share, representing an annualized dividend yield of 2.4%, although its dividend payout ratio stands at 183.74%.

Pensionfund DSM Netherlands lifted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,614 shares of the financial services provider's stock after acquiring an additional 400 shares during the quarter. Equinix accounts for 5.7% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 2nd largest position. Pensionfund DSM Netherlands' holdings in Equinix were worth $8,443,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after acquiring an additional 17 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in Equinix during the 4th quarter worth approximately $28,000. GKV Capital Management Co. Inc. purchased a new stake in Equinix during the 1st quarter worth approximately $30,000. Saudi Central Bank purchased a new stake in Equinix during the 1st quarter worth approximately $31,000. Finally, Quarry LP purchased a new stake in Equinix during the 1st quarter worth approximately $31,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of EQIX opened at $788.61 on Friday. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm's fifty day simple moving average is $779.38 and its 200-day simple moving average is $823.52. The firm has a market capitalization of $77.17 billion, a price-to-earnings ratio of 77.24, a PEG ratio of 1.42 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

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

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be 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 is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is 183.74%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EQIX shares. Truist Financial upped their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Bank of America cut their target price on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. The Goldman Sachs Group cut their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Stifel Nicolaus cut their target price on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Finally, Wells Fargo & Company cut their target price on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $962.52.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

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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