Curi RMB Capital LLC Trims Stake in Equinix, Inc. $EQIX

Key Points

• Curi RMB Capital LLC has reduced its stake in Equinix, Inc. by 26.4%, selling 10,390 shares and leaving it with 28,984 shares valued at approximately $23.6 million.
• Several institutional investors have increased their ownership in Equinix, contributing to a total of 94.94% institutional ownership in the company.
• Equinix reported an earnings per share (EPS) of $9.91 for the last quarter, exceeding analyst expectations by $6.42, while also declaring a quarterly dividend of $4.69 per share.

Curi RMB Capital LLC cut its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 26.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,984 shares of the financial services provider's stock after selling 10,390 shares during the quarter. Curi RMB Capital LLC's holdings in Equinix were worth $23,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Activest Wealth Management raised its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 17 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in Equinix in the 4th quarter valued at $28,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix during the 1st quarter worth $30,000. Saudi Central Bank acquired a new position in shares of Equinix during the 1st quarter worth $31,000. Finally, Quarry LP acquired a new position in shares of Equinix during the 1st quarter worth $31,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EQIX. Wells Fargo & Company lowered their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Barclays boosted their price target on Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Truist Financial upped their target price on Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. UBS Group lowered their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a report on Tuesday, July 22nd. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $962.52.

Insider Activity at Equinix

In other Equinix 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 transaction 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. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company's stock.

Equinix Trading Down 1.1%

Shares of Equinix stock traded down $8.17 on Monday, hitting $765.51. 462,033 shares of the company's stock traded hands, compared to its average volume of 608,880. The company has a fifty day moving average of $780.36 and a two-hundred day moving average of $826.81. The company has a market capitalization of $74.91 billion, a price-to-earnings ratio of 74.98, a price-to-earnings-growth ratio of 1.38 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, Inc. has a one year low of $701.41 and a one year high of $994.03.

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

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is presently 183.74%.

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.