Equinix, Inc. $EQIX Shares Sold by Resolution Capital Ltd

Key Points

• Resolution Capital Ltd reduced its holdings in Equinix, Inc. by 12.4% in the first quarter, now holding approximately $456.44 million worth of shares, representing about 8.9% of its investment portfolio.
• Equinix reported a significant earnings beat with $9.91 EPS for the quarter, surpassing analysts' expectations of $3.49, alongside a 4.5% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $4.69 per share, which results in an annualized dividend yield of 2.4%.

Resolution Capital Ltd lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 12.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 559,812 shares of the financial services provider's stock after selling 79,420 shares during the quarter. Equinix makes up approximately 8.9% of Resolution Capital Ltd's holdings, making the stock its 3rd biggest holding. Resolution Capital Ltd owned approximately 0.57% of Equinix worth $456,443,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EQIX. GAMMA Investing LLC raised its stake in Equinix by 82,340.9% during the first quarter. GAMMA Investing LLC now owns 890,362 shares of the financial services provider's stock worth $725,957,000 after purchasing an additional 889,282 shares during the period. Nuveen LLC purchased a new position in Equinix during the first quarter worth approximately $662,663,000. JPMorgan Chase & Co. raised its stake in Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock worth $1,296,871,000 after purchasing an additional 291,753 shares during the period. National Bank of Canada FI raised its stake in Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock worth $321,427,000 after purchasing an additional 248,075 shares during the period. Finally, Vanguard Group Inc. raised its stake in Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock worth $10,523,576,000 after purchasing an additional 242,121 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix 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 sale, the director owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent analyst reports. BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Scotiabank cut their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 26th. Cowen reissued a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. Wall Street Zen downgraded shares of Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Cfra Research downgraded shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $962.52.

Equinix Stock Up 1.8%

Equinix stock traded up $14.03 during midday trading on Tuesday, hitting $779.54. 358,024 shares of the stock were exchanged, compared to its average volume of 389,164. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm has a market cap of $76.29 billion, a P/E ratio of 76.35, a P/E/G ratio of 1.37 and a beta of 0.92. 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 50 day moving average price of $779.45 and a two-hundred day moving average price of $825.41.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm posted $9.22 EPS. The firm's quarterly 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. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. 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%.

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.