Pensionfund DSM Netherlands Trims Position in Equinix, Inc. $EQIX

Key Points

• Pensionfund DSM Netherlands reduced its stake in Equinix, Inc. by 5.5%, selling 600 shares during the first quarter, and now holds 10,214 shares valued at approximately $8.3 million.
• Equinix recently reported quarterly earnings of $9.91 per share, significantly exceeding analysts' expectations, and noted a 4.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $4.69 per share, with a 2.4% yield, payable on September 17th to shareholders of record.

Pensionfund DSM Netherlands reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,214 shares of the financial services provider's stock after selling 600 shares during the quarter. Equinix accounts for approximately 5.5% of Pensionfund DSM Netherlands' portfolio, making the stock its 2nd largest holding. Pensionfund DSM Netherlands' holdings in Equinix were worth $8,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management grew its stake in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after buying an additional 17 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of Equinix during the fourth quarter valued at about $28,000. GKV Capital Management Co. Inc. bought a new position in shares of Equinix during the first quarter valued at about $30,000. Saudi Central Bank bought a new position in shares of Equinix during the first quarter valued at about $31,000. Finally, Quarry LP bought a new position in shares of Equinix during the first quarter valued at about $31,000. 94.94% of the stock is owned by institutional investors.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of Equinix 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 transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on 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. The trade was a 5.96% 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 Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Dbs Bank raised Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Guggenheim assumed coverage on Equinix in a research note on Thursday, July 10th. They issued a "buy" rating and a $933.00 target price on the stock. Wells Fargo & Company cut their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Finally, Bank of America cut their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $962.52.

Equinix Stock Performance

Equinix stock opened at $788.61 on Friday. The stock's 50 day simple moving average is $779.38 and its two-hundred day simple moving average is $823.52. 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 has a market cap of $77.17 billion, a price-to-earnings ratio of 77.24, a PEG ratio of 1.42 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $9.22 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. 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 payout ratio is presently 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.

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