UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stock Position in Equinix, Inc. $EQIX

Key Points

• UBS AM increased its stake in Equinix, Inc. by 8.4% during Q1, now owning 1,243,446 shares valued at approximately $1.01 billion.
• Several institutional investors have also made changes to their stakes in Equinix, with 94.94% of the company's stock owned by institutional investors and hedge funds.
• Equinix announced a quarterly dividend of $4.69 per share, with a yield of 2.5% and a dividend payout ratio of 183.74%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,243,446 shares of the financial services provider's stock after buying an additional 95,887 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.27% of Equinix worth $1,013,844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Zimmer Partners LP bought a new stake in Equinix during the 1st quarter valued at about $82,000. Empowered Funds LLC lifted its holdings in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock valued at $2,487,000 after buying an additional 546 shares in the last quarter. MBB Public Markets I LLC bought a new stake in Equinix during the 1st quarter valued at about $294,000. Ascent Group LLC bought a new stake in Equinix during the 1st quarter valued at about $312,000. Finally, United Services Automobile Association purchased a new position in Equinix during the 1st quarter valued at about $1,772,000. Institutional investors own 94.94% of the company's stock.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the firm'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 transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company's stock, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This 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 Stock Performance

Shares of NASDAQ:EQIX traded down $8.87 during midday trading on Friday, reaching $788.61. The company's stock had a trading volume of 367,783 shares, compared to its average volume of 604,140. 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 stock has a fifty day moving average of $779.35 and a 200 day moving average of $824.33. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm has a market capitalization of $77.18 billion, a PE ratio of 77.24, a P/E/G ratio of 1.39 and a beta of 0.92.

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 the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued 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 yield of 2.4%. Equinix's payout ratio is presently 183.74%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. JPMorgan Chase & Co. upped their price target on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Wall Street Zen cut shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Mizuho lowered their target price on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Five equities 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, Equinix currently has an average rating of "Buy" and a consensus price target 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.