Calamos Wealth Management LLC Takes $925,000 Position in Equinix, Inc. $EQIX

Key Points

• Calamos Wealth Management LLC has purchased a new position in Equinix, Inc., acquiring 1,163 shares worth approximately $925,000 during the second quarter.
• Equinix reported $9.91 earnings per share, significantly beating analysts' expectations, with a revenue of $2.26 billion for the quarter, marking a 4.5% increase year-over-year.
• The company's quarterly dividend was declared at $4.69, representing an annualized dividend of $18.76 with a yield of 2.3%.

Calamos Wealth Management LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,163 shares of the financial services provider's stock, valued at approximately $925,000.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after purchasing an additional 17 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Equinix in the first quarter worth approximately $30,000. Atticus Wealth Management LLC bought a new stake in shares of Equinix during the 2nd quarter valued at $29,000. Saudi Central Bank bought a new stake in shares of Equinix during the 1st quarter valued at $31,000. Finally, Quarry LP bought a new stake in Equinix in the 1st quarter valued at $31,000. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 0.1%

Shares of EQIX opened at $813.93 on Monday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a 50-day moving average of $786.53 and a 200 day moving average of $812.61. The firm has a market capitalization of $79.65 billion, a price-to-earnings ratio of 79.72, a PEG ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $9.22 EPS. The firm's revenue for the quarter 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. On average, 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 was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. Equinix's payout ratio is currently 183.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial lifted their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. The Goldman Sachs Group dropped their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research note on Tuesday, July 22nd. Finally, Morgan Stanley began coverage on shares of Equinix in a research note on Thursday. They set an "overweight" rating and a $950.00 price target for the company. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $960.14.

Insider Activity

In other news, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

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.

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