Wellington Management Group LLP Sells 137,712 Shares of Equinix, Inc. $EQIX

Wellington Management Group LLP lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 857,391 shares of the financial services provider’s stock after selling 137,712 shares during the quarter. Wellington Management Group LLP’s holdings in Equinix were worth $893,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EQIX. BlackRock Inc. acquired a new position in Equinix during the second quarter worth approximately $11,930,074,000. Norges Bank acquired a new stake in Equinix during the 4th quarter valued at $984,355,000. Legal & General Group Plc bought a new position in Equinix during the second quarter worth $1,181,260,000. Canada Pension Plan Investment Board acquired a new position in shares of Equinix in the second quarter valued at $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in shares of Equinix during the 2nd quarter worth about $1,118,930,000. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. This represents a 37.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,986 shares of company stock valued at $8,370,777. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $1,044.41 on Friday. The company’s 50-day moving average price is $1,050.60 and its two-hundred day moving average price is $1,031.29. The firm has a market cap of $103.05 billion, a P/E ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s payout ratio is 132.90%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,270.00 price target on shares of Equinix in a research report on Monday, August 3rd. Barclays boosted their price objective on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Finally, BTIG Research initiated coverage on shares of Equinix in a research report on Friday, July 10th. They set a “buy” rating and a $1,210.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.