APG Asset Management N.V. Has $46.70 Million Holdings in Equinix, Inc. $EQIX

APG Asset Management N.V. lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,867 shares of the financial services provider’s stock after selling 2,996 shares during the quarter. APG Asset Management N.V.’s holdings in Equinix were worth $46,698,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Equinix by 8.2% in the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock valued at $42,643,000 after buying an additional 3,981 shares during the last quarter. Nisa Investment Advisors LLC increased 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 worth $60,690,000 after buying an additional 31,073 shares during the last quarter. First United Bank & Trust acquired a new position in Equinix during the first quarter worth approximately $451,000. Partners Group Holding AG increased its position in Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock worth $42,225,000 after buying an additional 4,968 shares during the last quarter. Finally, Miller Howard Investments Inc. NY increased its position in Equinix by 20.1% during the first quarter. Miller Howard Investments Inc. NY now owns 3,864 shares of the financial services provider’s stock worth $3,150,000 after buying an additional 646 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Up 1.8%

NASDAQ EQIX opened at $786.47 on Friday. 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, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a 50 day moving average of $796.24 and a 200-day moving average of $838.47. The company has a market cap of $76.97 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 1.42 and a beta of 0.90.

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

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix’s dividend payout ratio is presently 183.74%.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated 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 directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. The trade was a 23.47% 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.

Analyst Ratings Changes

A number of brokerages have weighed in on EQIX. UBS Group lowered their price target on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Wells Fargo & Company cut their target price on shares of Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. Guggenheim began coverage on shares of Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 target price for the company. Finally, BNP Paribas upgraded shares of Equinix to a “strong-buy” rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.