Cwm LLC Purchases 1,038 Shares of Equinix, Inc. $EQIX

Key Points

• Cwm LLC increased its stake in Equinix, Inc. by 58.2%, acquiring an additional 1,038 shares, bringing its total holdings to 2,822 shares valued at approximately $2.25 million.
• Several institutional investors have also adjusted their positions in Equinix, with 94.94% of the stock currently owned by hedge funds and institutional investors.
• Equinix recently reported earnings per share of $9.91 for the last quarter, significantly exceeding the analysts' consensus estimate of $3.49, with year-over-year revenue growth of 4.5%.

Cwm LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 58.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,822 shares of the financial services provider's stock after acquiring an additional 1,038 shares during the period. Cwm LLC's holdings in Equinix were worth $2,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its position in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after acquiring an additional 12 shares in the last quarter. Signaturefd LLC grew its position in Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 12 shares in the last quarter. AE Wealth Management LLC grew its position in Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after acquiring an additional 12 shares in the last quarter. Gitterman Wealth Management LLC grew its position in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after acquiring an additional 12 shares in the last quarter. Finally, Sava Infond d.o.o. grew its position in Equinix by 2.0% in the first quarter. Sava Infond d.o.o. now owns 678 shares of the financial services provider's stock worth $553,000 after acquiring an additional 13 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated 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. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial upped their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of Equinix in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Equinix from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Bank of America cut their price target on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Finally, Mizuho cut their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $960.14.

Equinix Stock Performance

Equinix stock opened at $813.93 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $786.53 and a 200-day moving average of $812.53. The firm has a market cap of $79.65 billion, a P/E ratio of 79.72, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during 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 for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $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 expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.