Assenagon Asset Management S.A. Increases Position in Equinix, Inc. $EQIX

Assenagon Asset Management S.A. lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 2.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,974 shares of the financial services provider’s stock after purchasing an additional 107 shares during the period. Assenagon Asset Management S.A.’s holdings in Equinix were worth $3,161,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EQIX. Brighton Jones LLC boosted its holdings in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Equinix in the fourth quarter valued at approximately $49,000. Siemens Fonds Invest GmbH boosted its holdings in shares of Equinix by 3.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,318 shares of the financial services provider’s stock valued at $3,105,000 after purchasing an additional 121 shares during the period. Comprehensive Money Management Services LLC purchased a new stake in shares of Equinix in the fourth quarter valued at approximately $233,000. Finally, Phocas Financial Corp. purchased a new stake in shares of Equinix in the fourth quarter valued at approximately $565,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of analyst reports. Cowen restated a “buy” rating on shares of Equinix in a report on Thursday, July 3rd. Wells Fargo & Company lowered their target price on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Bank of America lowered their target price on Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Dbs Bank raised Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $962.52.

Equinix Price Performance

NASDAQ EQIX opened at $789.79 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The stock’s fifty day moving average price is $783.51 and its 200 day moving average price is $817.44. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a market cap of $77.29 billion, a price-to-earnings ratio of 77.35, a PEG ratio of 1.43 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm earned $9.22 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s dividend payout ratio is presently 183.74%.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate 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.