First Eagle Investment Management LLC Lowers Position in Equinix, Inc. $EQIX

First Eagle Investment Management LLC decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 61.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86 shares of the financial services provider’s stock after selling 136 shares during the quarter. First Eagle Investment Management LLC’s holdings in Equinix were worth $68,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQIX. Vanguard Group Inc. boosted its holdings in shares of 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. Valeo Financial Advisors LLC boosted its stake in Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after buying an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $1,296,871,000 after buying an additional 291,753 shares in the last quarter. Northern Trust Corp increased its stake in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock worth $1,243,013,000 after acquiring an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Equinix by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock worth $1,087,334,000 after acquiring an additional 25,290 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EQIX. Citigroup restated a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Cfra Research downgraded shares of Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Dbs Bank raised Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $960.76.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the transaction, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction 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 trade represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 579 shares of company stock valued at $454,188. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $824.75 on Monday. 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 market capitalization of $80.98 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 1.38 and a beta of 0.92. The firm’s 50-day moving average is $800.57 and its 200 day moving average is $818.13.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the firm posted $9.05 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Equinix 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.