Callan Family Office LLC Has $2.78 Million Holdings in Equinix, Inc. $EQIX

Key Points

• Callan Family Office LLC increased its stake in Equinix, Inc. by 388.3% in Q2, holding 3,496 shares valued at $2.78 million.
• Equinix recently announced a quarterly dividend of $4.69 per share, resulting in a 2.3% dividend yield and a payout ratio of 183.74%.
• Analysts have mixed ratings on Equinix, with Barclays raising its target price slightly to $804.00, while several others downgraded their recommendations to hold or sell.

Callan Family Office LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 388.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,496 shares of the financial services provider's stock after purchasing an additional 2,780 shares during the quarter. Callan Family Office LLC's holdings in Equinix were worth $2,781,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EQIX. Vanguard Group Inc. grew its position in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after acquiring an additional 242,121 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock valued at $6,488,728,000 after acquiring an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Equinix by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. Northern Trust Corp boosted its holdings 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in 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 during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was 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 owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of the company's 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 completion of the transaction, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

NASDAQ:EQIX opened at $800.60 on Friday. The stock has a fifty day moving average price of $782.79 and a 200-day moving average price of $812.67. The company has a market cap of $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results 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. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EQIX shares. Barclays increased their target price on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a research note on Saturday. Cfra Research lowered Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equinix in a research report on Wednesday. Finally, BMO Capital Markets lowered Equinix from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix has an average rating of "Moderate Buy" and an average price target of $960.65.

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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