Union Bancaire Privee UBP SA Increases Stock Position in Equinix, Inc. $EQIX

Key Points

• Union Bancaire Privee UBP SA increased its stake in Equinix, Inc. by 2,016.6%, owning 6,519 shares valued at approximately $5.19 million.
• Equinix recently reported $9.91 earnings per share for the quarter, significantly exceeding the consensus estimate of $3.49, with a revenue of $2.26 billion.
• The company declared a quarterly dividend of $4.69, representing a yield of 2.4% and a payout ratio of 183.74%.

Union Bancaire Privee UBP SA boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2,016.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,519 shares of the financial services provider's stock after purchasing an additional 6,211 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Equinix were worth $5,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Truist Financial Corp raised its stake in Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in Equinix in the first quarter valued at approximately $122,302,000. Nisa Investment Advisors LLC grew its position in Equinix by 71.7% during the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after acquiring an additional 31,073 shares during the last quarter. First United Bank & Trust bought a new position in Equinix during the first quarter valued at approximately $451,000. Finally, Gradient Investments LLC grew its position in Equinix by 19.4% during the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider's stock valued at $19,635,000 after acquiring an additional 4,015 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

NASDAQ:EQIX opened at $781.72 on Tuesday. The stock has a market cap of $76.50 billion, a P/E ratio of 76.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The firm's fifty day simple moving average is $783.76 and its 200 day simple moving average is $816.02. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

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, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio is 183.74%.

Analysts Set New Price Targets

A number of brokerages have commented on EQIX. The Goldman Sachs Group reduced their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Truist Financial increased their price target on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Barclays increased their price target on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Finally, Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $962.52.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

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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