Arrowstreet Capital Limited Partnership Has $135.20 Million Stake in Equinix, Inc. $EQIX

Arrowstreet Capital Limited Partnership grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 85.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,963 shares of the financial services provider’s stock after buying an additional 78,308 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.17% of Equinix worth $135,200,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock worth $10,443,758,000 after acquiring an additional 222,221 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Equinix by 298,148.6% during 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 purchasing an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after buying an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after buying an additional 25,290 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on EQIX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, TD Cowen lifted their target price on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $961.33.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 50 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the transaction, the director owned 17,782 shares in the company, valued at $13,826,927.56. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,641 shares of company stock worth $4,394,531 over the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $727.38 on Wednesday. The company has a market capitalization of $71.42 billion, a price-to-earnings ratio of 66.61, a PEG ratio of 1.49 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $989.84. The stock’s 50 day moving average is $796.29 and its 200-day moving average is $807.14.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the company posted $9.05 EPS. The firm’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. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

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.