Asset Management One Co. Ltd. Cuts Position in Equinix, Inc. $EQIX

Asset Management One Co. Ltd. cut its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.1% during the second quarter, HoldingsChannel reports. The fund owned 198,001 shares of the financial services provider’s stock after selling 117 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Equinix were worth $157,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Valeo Financial Advisors LLC grew its stake in Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after buying an additional 8,154,365 shares during the last quarter. Nuveen LLC purchased a new position in Equinix during the 1st quarter worth $662,663,000. JPMorgan Chase & Co. grew its stake in Equinix by 22.5% during 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 buying an additional 291,753 shares during the last quarter. National Bank of Canada FI grew its stake in Equinix by 169.7% during the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after purchasing an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after purchasing an additional 242,121 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction that occurred 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 $13,935,708. This 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 is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred 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 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 owned by corporate insiders.

Equinix Stock Up 0.3%

Shares of EQIX opened at $831.93 on Friday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week 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. The company has a market capitalization of $81.42 billion, a price-to-earnings ratio of 81.48, a PEG ratio of 1.43 and a beta of 0.92. The stock’s 50-day moving average price is $790.22 and its 200-day moving average price is $813.77.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s dividend payout ratio is presently 183.74%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EQIX. Truist Financial boosted their price target on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Guggenheim began coverage on Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 price target on the stock. Wall Street Zen downgraded Equinix from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $957.38.

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.