Vert Asset Management LLC Increases Stock Holdings in Equinix, Inc. $EQIX

Vert Asset Management LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,244 shares of the financial services provider’s stock after purchasing an additional 3,623 shares during the period. Equinix comprises approximately 7.2% of Vert Asset Management LLC’s holdings, making the stock its 5th largest holding. Vert Asset Management LLC’s holdings in Equinix were worth $21,339,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Equinix by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock worth $10,443,758,000 after buying an additional 222,221 shares during the period. Valeo Financial Advisors LLC grew 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 acquiring an additional 8,154,365 shares in the last quarter. State Street Corp increased its position in shares of Equinix by 3.7% during the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after acquiring an additional 220,981 shares during the period. Norges Bank bought a new stake in shares of Equinix during the second quarter valued at approximately $892,431,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Equinix by 3.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,102,423 shares of the financial services provider’s stock valued at $876,944,000 after acquiring an additional 38,936 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Down 1.7%

EQIX traded down $13.46 on Tuesday, hitting $788.32. The company had a trading volume of 35,700 shares, compared to its average volume of 497,024. The stock has a fifty day moving average price of $765.68 and a 200-day moving average price of $782.56. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $953.41. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $77.40 billion, a price-to-earnings ratio of 72.29, a P/E/G ratio of 1.25 and a beta of 1.05.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period 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 FY 2025 guidance at 37.950-38.77 EPS. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Insider Activity

In other news, insider Jonathan Lin sold 124 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total transaction of $90,666.32. Following the sale, the insider owned 8,299 shares in the company, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 159 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total transaction of $116,259.21. Following the transaction, the executive vice president owned 6,584 shares in the company, valued at approximately $4,814,154.96. This trade represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,704 shares of company stock worth $6,617,748 over the last quarter. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. TD Cowen increased their price target on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group set a $959.00 price objective on Equinix in a report on Wednesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $959.64.

Equinix Company Profile

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.