DoubleLine ETF Adviser LP Trims Holdings in Equinix, Inc. $EQIX

DoubleLine ETF Adviser LP lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 18.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,531 shares of the financial services provider’s stock after selling 1,254 shares during the period. Equinix accounts for 1.5% of DoubleLine ETF Adviser LP’s investment portfolio, making the stock its 14th largest holding. DoubleLine ETF Adviser LP’s holdings in Equinix were worth $4,510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EQIX. Brighton Jones LLC raised its position in Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Equinix during the fourth quarter worth about $2,027,000. Aptus Capital Advisors LLC raised its holdings in Equinix by 5.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 891 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 49 shares in the last quarter. Ancora Advisors LLC lifted its position in Equinix by 10.7% in the fourth quarter. Ancora Advisors LLC now owns 405 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 39 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in Equinix in the 4th quarter valued at approximately $600,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of analyst reports. Wolfe Research downgraded Equinix from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Dbs Bank upgraded Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets downgraded Equinix from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Buy” and an average target price of $962.52.

Equinix Trading Down 1.2%

Shares of Equinix stock opened at $762.22 on Thursday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm has a market cap of $74.59 billion, a PE ratio of 74.65, a P/E/G ratio of 1.40 and a beta of 0.92. The business’s fifty day moving average is $780.14 and its two-hundred day moving average is $830.59. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

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. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 20th. Equinix’s dividend 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.