Knights of Columbus Asset Advisors LLC Cuts Stock Position in Equinix, Inc. $EQIX

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,316 shares of the financial services provider’s stock after selling 642 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Equinix were worth $9,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EQIX. Vanguard Group Inc. boosted its position in shares of Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after buying an additional 242,121 shares during the period. JPMorgan Chase & Co. boosted its holdings in Equinix by 22.5% in 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 acquiring an additional 291,753 shares during the period. Northern Trust Corp grew its position in Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after acquiring an additional 40,734 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Equinix by 1.9% during 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 purchasing an additional 25,290 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equinix by 8.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,243,446 shares of the financial services provider’s stock worth $1,013,844,000 after purchasing an additional 95,887 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Up 0.8%

Shares of NASDAQ:EQIX opened at $778.74 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The company’s 50-day moving average price is $782.18 and its 200 day moving average price is $813.94. The company has a market cap of $76.21 billion, a PE ratio of 76.27, a P/E/G ratio of 1.39 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EQIX shares. Truist Financial raised their price target on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a report on Thursday, August 7th. JMP Securities restated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. BMO Capital Markets lowered Equinix from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Finally, Barclays lifted their price objective on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $960.65.

Insiders Place Their Bets

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

About Equinix

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.