Vontobel Holding Ltd. Grows Stock Position in Equinix, Inc. $EQIX

Key Points

• Vontobel Holding Ltd. increased its stake in Equinix, Inc. by 9.9%, owning a total of 3,932 shares valued at approximately $3.13 million as of the latest quarter.
• Equinix reported strong earnings of $9.91 per share for the quarter, significantly exceeding analysts' expectations of $3.49, contributing to an annual revenue growth of 4.5%.
• The company recently declared a quarterly dividend of $4.69 per share, with an annualized yield of 2.3% and a high dividend payout ratio of 183.74%.

Vontobel Holding Ltd. boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,932 shares of the financial services provider's stock after buying an additional 353 shares during the period. Vontobel Holding Ltd.'s holdings in Equinix were worth $3,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truist Financial Corp increased 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 worth $42,643,000 after purchasing an additional 3,981 shares during the period. Elliott Investment Management L.P. purchased a new stake in Equinix in the first quarter worth $122,302,000. Nisa Investment Advisors LLC increased its stake in Equinix by 71.7% in the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock worth $60,690,000 after purchasing an additional 31,073 shares during the period. Gradient Investments LLC increased its stake in Equinix by 19.4% in the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider's stock worth $19,635,000 after purchasing an additional 4,015 shares during the period. Finally, Partners Group Holding AG increased its stake in Equinix by 10.6% in the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider's stock worth $42,225,000 after purchasing an additional 4,968 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Shares of EQIX stock opened at $800.60 on Friday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock's 50-day moving average is $782.79 and its 200 day moving average is $812.79. The company has a market cap of $78.35 billion, a P/E ratio of 78.41, a PEG ratio of 1.40 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 (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share 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 company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the company earned $9.22 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix's dividend payout ratio (DPR) is presently 183.74%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EQIX. Wells Fargo & Company reduced their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Cowen reissued a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. The Goldman Sachs Group decreased their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equinix in a research note on Wednesday. Finally, Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $960.65.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction dated 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 directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

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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