Chevy Chase Trust Holdings LLC Grows Position in Equinix, Inc. $EQIX

Chevy Chase Trust Holdings LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,667 shares of the financial services provider’s stock after buying an additional 622 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Equinix were worth $41,100,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EQIX. Activest Wealth Management increased its stake in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after buying an additional 17 shares during the period. Atticus Wealth Management LLC purchased a new stake in shares of Equinix during the second quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix during the first quarter worth approximately $30,000. Saudi Central Bank purchased a new stake in shares of Equinix during the first quarter worth approximately $31,000. Finally, Quarry LP purchased a new stake in shares of Equinix during the first quarter worth approximately $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Price Performance

EQIX stock opened at $813.93 on Friday. The company has a market capitalization of $79.65 billion, a P/E ratio of 79.72, a PEG ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The business has a 50 day simple moving average of $786.53 and a 200-day simple moving average of $812.66. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company’s revenue was up 4.5% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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 dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. Equinix’s dividend payout ratio (DPR) is currently 183.74%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the 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 sale, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. 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 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Equinix in a report on Thursday, July 3rd. BMO Capital Markets downgraded Equinix from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $1,045.00 to $850.00 in a report on Thursday, June 26th. Dbs Bank raised Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Scotiabank lowered their price target on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a report on Thursday, June 26th. Finally, Guggenheim initiated coverage on Equinix in a report on Thursday, July 10th. They issued a “buy” rating and a $933.00 price target for the company. 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’s stock. According to data from MarketBeat.com, Equinix has an average rating of “Buy” and a consensus target price 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.