Wellington Management Group LLP Has $893.74 Million Holdings in Equinix, Inc. $EQIX

Wellington Management Group LLP cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 13.8% during the second quarter, according to the company in its most recent 13F filing 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 period. Wellington Management Group LLP owned about 0.87% of Equinix worth $893,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. BlackRock Inc. acquired a new position in Equinix in the second quarter worth $11,930,074,000. Cohen & Steers Inc. lifted its position in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Equinix by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after purchasing an additional 25,383 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after purchasing an additional 27,643 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Equinix by 0.6% during the fourth quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock valued at $1,149,628,000 after purchasing an additional 9,614 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on EQIX. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. TD Cowen raised their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Stifel Nicolaus boosted their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, UBS Group upped their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Price Performance

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

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

Equinix Dividend Announcement

The company 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 $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s payout ratio is 132.90%.

Insider Activity at Equinix

In other news, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,986 shares of company stock worth $8,370,777 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

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.