Equinix, Inc. $EQIX Stock Position Cut by Presima Securities ULC

Presima Securities ULC lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 16.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,360 shares of the financial services provider’s stock after selling 8,619 shares during the period. Equinix makes up about 8.3% of Presima Securities ULC’s portfolio, making the stock its 4th largest position. Presima Securities ULC’s holdings in Equinix were worth $36,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock worth $34,000 after buying an additional 12 shares during the last quarter. Signaturefd LLC grew its position in shares of Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 12 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $202,000 after buying an additional 12 shares during the last quarter. Gitterman Wealth Management LLC grew its position in shares of Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after buying an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. grew its position in shares of Equinix by 0.7% in the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider’s stock worth $1,444,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $773.68 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 12 month low of $701.41 and a 12 month high of $994.03. The company has a 50 day simple moving average of $780.36 and a two-hundred day simple moving average of $827.60. The stock has a market cap of $75.71 billion, a price-to-earnings ratio of 75.78, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business posted $9.22 EPS. The business’s quarterly revenue 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. As a group, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

Insider Activity

In related news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Wells Fargo & Company lowered 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. Bank of America lowered their target price on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Equinix from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $962.52.

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.