DekaBank Deutsche Girozentrale Sells 10,006 Shares of Equinix, Inc. $EQIX

DekaBank Deutsche Girozentrale trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,996 shares of the financial services provider’s stock after selling 10,006 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.09% of Equinix worth $69,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQIX. Vanguard Group Inc. boosted its holdings in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after acquiring an additional 242,121 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Equinix by 298,148.6% in 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 purchasing an additional 8,154,365 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 purchasing an additional 291,753 shares during the last quarter. Northern Trust Corp grew its position in Equinix by 2.7% during 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 purchasing an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after acquiring an additional 25,290 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the firm’s 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 completion of the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm’s 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 transaction, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This trade represents a 0.42% 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EQIX shares. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Guggenheim began coverage on shares of Equinix in a research report on Thursday, July 10th. They issued a “buy” rating and a $933.00 price objective for the company. UBS Group dropped their target price 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. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Truist Financial lifted their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. 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, Equinix presently has an average rating of “Buy” and an average price target of $960.14.

Equinix Price Performance

Shares of EQIX opened at $822.00 on Wednesday. The company has a market capitalization of $80.44 billion, a price-to-earnings ratio of 80.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm has a 50-day simple moving average of $788.19 and a 200-day simple moving average of $813.08.

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 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 firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm earned $9.22 earnings per share. The firm’s 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. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were 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 was Wednesday, August 20th. Equinix’s payout ratio is presently 183.74%.

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.