Equinix, Inc. $EQIX Shares Acquired by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its holdings in Equinix, Inc. by 39.5% in Q1, now owning 283,892 shares valued at $231.47 million.
• Equinix reported a Q2 EPS of $9.91, exceeding analysts' expectations of $3.49, with revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, which equates to an annualized dividend yield of 2.4%.

Royal Bank of Canada raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 283,892 shares of the financial services provider's stock after purchasing an additional 80,423 shares during the quarter. Royal Bank of Canada owned 0.29% of Equinix worth $231,472,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of 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 purchasing an additional 12 shares during the period. Signaturefd LLC raised its position in Equinix by 0.8% during the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after buying an additional 12 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after acquiring an additional 12 shares during the last quarter. Gitterman Wealth Management LLC increased its stake in shares of Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after acquiring an additional 12 shares during the period. Finally, Griffin Asset Management Inc. increased its stake in shares of Equinix by 0.7% in the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after acquiring an additional 13 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

NASDAQ EQIX traded up $5.75 during trading hours on Friday, reaching $773.68. The company's stock had a trading volume of 321,970 shares, compared to its average volume of 381,643. The firm has a market capitalization of $75.71 billion, a price-to-earnings ratio of 75.78, a P/E/G ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. 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's 50-day moving average is $780.36 and its two-hundred day moving average is $826.81.

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 for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the firm posted $9.22 EPS. Equinix's quarterly revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Equinix's payout ratio is currently 183.74%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Dbs Bank raised shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. The Goldman Sachs Group reduced their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Cfra Research cut Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Finally, Wall Street Zen downgraded Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $962.52.

Insider Activity

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.

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.