TD Asset Management Inc Trims Holdings in Equinix, Inc. $EQIX

Key Points

• TD Asset Management Inc reduced its holdings in Equinix, Inc. by 0.8% during the second quarter, owning 45,721 shares valued at approximately $36.37 million at the end of the reporting period.
• Equinix recently reported a Q2 EPS of $9.91, significantly exceeding analysts' expectations of $3.49, with revenues matching estimates at $2.26 billion.
• The company declared a quarterly dividend of $4.69, resulting in an annualized yield of 2.3% despite a high dividend payout ratio of 183.74%.

TD Asset Management Inc lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,721 shares of the financial services provider's stock after selling 362 shares during the period. TD Asset Management Inc's holdings in Equinix were worth $36,370,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EQIX. Valeo Financial Advisors LLC boosted its position in Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock valued at $6,488,728,000 after acquiring an additional 8,154,365 shares in the last quarter. Nuveen LLC bought a new stake in Equinix during the 1st quarter valued at approximately $662,663,000. JPMorgan Chase & Co. boosted its position in shares of Equinix by 22.5% in the 1st 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 in the last quarter. National Bank of Canada FI boosted its position in shares of Equinix by 169.7% in the 1st 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Equinix by 1.9% in the 1st 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 in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares of the company's stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Price Performance

NASDAQ EQIX opened at $812.77 on Friday. The business's fifty day moving average price is $785.77 and its 200-day moving average price is $812.68. The stock has a market capitalization of $79.54 billion, a price-to-earnings ratio of 79.61, a PEG ratio of 1.42 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. Equinix, Inc. has a 1-year low of $701.41 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $9.22 EPS. 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 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix's dividend payout ratio is 183.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EQIX. Guggenheim began coverage on Equinix in a research report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price target on the stock. The Goldman Sachs Group dropped their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Dbs Bank raised Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Morgan Stanley assumed coverage on Equinix in a research report on Thursday. They issued an "overweight" rating and a $950.00 price objective on the stock. Finally, UBS Group lowered their price objective on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $960.14.

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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