Schroder Investment Management Group Sells 34,169 Shares of Equinix, Inc. $EQIX

Schroder Investment Management Group lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 234,526 shares of the financial services provider’s stock after selling 34,169 shares during the quarter. Schroder Investment Management Group’s holdings in Equinix were worth $186,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EQIX. Mackenzie Financial Corp lifted its holdings in shares of Equinix by 40.3% in the 2nd quarter. Mackenzie Financial Corp now owns 65,247 shares of the financial services provider’s stock worth $51,902,000 after acquiring an additional 18,734 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Equinix by 207.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 69,190 shares of the financial services provider’s stock valued at $55,048,000 after purchasing an additional 46,699 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Equinix in the 2nd quarter worth about $26,270,000. Norges Bank purchased a new stake in Equinix in the 2nd quarter worth about $892,431,000. Finally, Virtue Capital Management LLC bought a new stake in Equinix in the second quarter worth about $221,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of EQIX stock opened at $753.74 on Friday. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $991.93. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $799.11 and a two-hundred day simple moving average of $809.48. The stock has a market capitalization of $74.01 billion, a price-to-earnings ratio of 69.02, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the company posted $9.05 earnings per share. The firm’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. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. Equinix’s payout ratio is currently 171.79%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets set a $900.00 price target on Equinix and gave the stock a “market perform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Daiwa Capital Markets set a $917.00 target price on Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Morgan Stanley initiated coverage on shares of Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price for the company. Finally, Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $961.33.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the transaction, the director owned 17,782 shares of the company’s stock, valued at $13,826,927.56. The trade was a 0.28% 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, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the sale, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. This trade represents a 1.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,641 shares of company stock worth $4,394,531 over the last quarter. 0.27% of the stock is currently owned by company insiders.

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.