Thematics Asset Management Reduces Stake in Equinix, Inc. $EQIX

Key Points

• Thematics Asset Management reduced its stake in Equinix, Inc. by 2.5% in the first quarter, holding 35,013 shares valued at approximately $28.55 million.
• Major institutional investors, including Vanguard and JPMorgan Chase, have increased their holdings in Equinix, showcasing strong interest from the financial sector.
• Equinix recently announced a quarterly dividend of $4.69, reflecting an annualized dividend yield of 2.4% and a high payout ratio of 183.74%.

Thematics Asset Management reduced its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,013 shares of the financial services provider's stock after selling 895 shares during the period. Equinix makes up about 1.4% of Thematics Asset Management's investment portfolio, making the stock its 17th biggest position. Thematics Asset Management's holdings in Equinix were worth $28,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 during the period. JPMorgan Chase & Co. raised its holdings in 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 during the period. Northern Trust Corp raised its holdings in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock worth $1,243,013,000 after purchasing an additional 40,734 shares during the period. Dimensional Fund Advisors LP raised its holdings in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock worth $1,087,334,000 after purchasing an additional 25,290 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Equinix by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,147,559 shares of the financial services provider's stock worth $1,082,022,000 after purchasing an additional 65,104 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated 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 approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Equinix Price Performance

NASDAQ:EQIX opened at $786.47 on Friday. 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 business's 50-day simple moving average is $796.24 and its two-hundred day simple moving average is $838.47. The stock has a market cap of $76.97 billion, a PE ratio of 77.03, a P/E/G ratio of 1.42 and a beta of 0.90. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating 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 business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the firm earned $9.22 earnings per share. The business'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. As a group, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is 183.74%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent research reports. BNP Paribas raised Equinix to a "strong-buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group decreased their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Guggenheim initiated coverage on Equinix in a report on Thursday, July 10th. They issued a "buy" rating and a $933.00 target price on the stock. Bank of America decreased their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $962.52.

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.

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