Quantitative Investment Management LLC Invests $1.68 Million in Equinix, Inc. $EQIX

Key Points

• Quantitative Investment Management LLC has acquired a new position in Equinix, Inc. ($EQIX), purchasing 2,057 shares valued at approximately $1.68 million in the first quarter.
• Institutional investors now own nearly 95% of Equinix's stock, with several firms adjusting their positions during the same quarter.
• Equinix reported a strong quarterly EPS of $9.91, significantly exceeding analysts' estimates and set a quarterly dividend of $4.69, yielding 2.4%.

Quantitative Investment Management LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,057 shares of the financial services provider's stock, valued at approximately $1,677,000.

Several other institutional investors have also recently bought and sold shares of EQIX. Pinney & Scofield Inc. acquired a new position in Equinix during the fourth quarter worth about $28,000. GKV Capital Management Co. Inc. acquired a new position in Equinix during the first quarter worth about $30,000. Whipplewood Advisors LLC raised its stake in Equinix by 127.8% during the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after acquiring an additional 23 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after acquiring an additional 12 shares in the last quarter. Finally, Pacific Center for Financial Services raised its stake in Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value 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. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business'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 value 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 disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Equinix Trading Down 0.5%

EQIX stock traded down $4.21 during trading on Thursday, hitting $786.35. The company had a trading volume of 336,975 shares, compared to its average volume of 615,835. The business has a 50-day moving average of $790.10 and a 200-day moving average of $836.02. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The stock has a market cap of $76.95 billion, a PE ratio of 77.02, a PEG ratio of 1.39 and a beta of 0.90. 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 earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the business posted $9.22 earnings per share. The firm'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. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is 183.74%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Mizuho lowered their target price on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Truist Financial boosted their price target on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Barclays boosted their price target on Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Dbs Bank upgraded Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Finally, JMP Securities restated a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. 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 company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $962.52.

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.