Acadian Asset Management LLC Buys 78,797 Shares of Equinix, Inc. $EQIX

Acadian Asset Management LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 999.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,680 shares of the financial services provider’s stock after acquiring an additional 78,797 shares during the period. Acadian Asset Management LLC owned approximately 0.09% of Equinix worth $68,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares in the last quarter. Brown Advisory Inc. lifted its position in Equinix by 10.0% in the first quarter. Brown Advisory Inc. now owns 1,045 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 95 shares during the last quarter. Leavell Investment Management Inc. grew its holdings in Equinix by 19.1% in the 1st quarter. Leavell Investment Management Inc. now owns 262 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 42 shares during the last quarter. Alps Advisors Inc. increased its holdings in Equinix by 4.3% during the 1st quarter. Alps Advisors Inc. now owns 1,315 shares of the financial services provider’s stock valued at $1,072,000 after purchasing an additional 54 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Equinix by 18.5% in the first quarter. Cerity Partners LLC now owns 13,979 shares of the financial services provider’s stock valued at $11,397,000 after acquiring an additional 2,179 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the sale, the insider owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% 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 404 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 579 shares of company stock valued at $454,188 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.7%

EQIX opened at $824.75 on Monday. The stock has a 50-day moving average of $800.57 and a 200 day moving average of $818.13. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The firm has a market cap of $80.98 billion, a P/E ratio of 75.53, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company earned $9.05 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

Analysts Set New Price Targets

EQIX has been the subject of several recent research reports. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays increased their target price on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. TD Cowen raised their price objective on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Cfra Research lowered shares of Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $960.76.

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.