Price T Rowe Associates Inc. MD Lowers Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Price T Rowe Associates Inc. sold 479,046 shares of Equinix, Inc. in Q1, reducing its stake by 25.2% to approximately $1.16 billion.
• Equinix's CEO, Adaire Fox-Martin, sold 2,949 shares valued at over $2.6 million, representing a 23.47% decrease in their ownership.
• Equinix recently reported $9.91 EPS, significantly exceeding expectations of $3.49, and plans to pay a quarterly dividend of $4.69 per share on September 17th.

Price T Rowe Associates Inc. MD decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 25.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,423,007 shares of the financial services provider's stock after selling 479,046 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.45% of Equinix worth $1,160,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of Equinix during the first quarter valued at approximately $9,861,000. Capital Analysts LLC grew its holdings in shares of Equinix by 10.3% during the first quarter. Capital Analysts LLC now owns 4,743 shares of the financial services provider's stock valued at $3,867,000 after buying an additional 441 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Equinix during the first quarter valued at approximately $223,000. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Equinix by 3.6% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the financial services provider's stock valued at $2,113,000 after buying an additional 89 shares during the last quarter. Finally, Groupama Asset Managment grew its holdings in shares of Equinix by 11.1% during the first quarter. Groupama Asset Managment now owns 45,238 shares of the financial services provider's stock valued at $36,326,000 after buying an additional 4,510 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EQIX shares. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. New Street Research upgraded shares of Equinix to a "strong-buy" rating in a report on Monday, April 28th. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus dropped 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 report on Thursday, June 26th. Finally, Bank of America dropped their target price on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equinix currently has an average rating of "Buy" and an average price target of $962.52.

Equinix Price Performance

NASDAQ EQIX traded down $4.09 on Monday, reaching $782.38. The company had a trading volume of 348,945 shares, compared to its average volume of 619,613. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $76.56 billion, a PE ratio of 76.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The firm's 50 day moving average price is $796.24 and its 200 day moving average price is $837.77. 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 announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's revenue for the quarter was up 4.5% compared to the same quarter last year. 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, equities analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid 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 presently 183.74%.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated 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 of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer directly owned 9,615 shares of the company's stock, valued at approximately $8,508,409.65. This represents a 23.47% 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.

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.