Diversified Trust Co Acquires 3,531 Shares of Equinix, Inc. $EQIX

Key Points

• Diversified Trust Co significantly increased its stake in Equinix, Inc. by 416.4% in the second quarter, acquiring an additional 3,531 shares for a total value of approximately $3.48 million.
• Equinix has received mixed target price adjustments from several analysts, with Goldman Sachs lowering its target from $1,020 to $880, while the consensus rating remains a "Buy" with a target price of $962.52.
• The company announced a quarterly dividend of $4.69, representing an annual yield of 2.4%, although its dividend payout ratio stands at an elevated 183.74%.

Diversified Trust Co lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 416.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,379 shares of the financial services provider's stock after buying an additional 3,531 shares during the quarter. Diversified Trust Co's holdings in Equinix were worth $3,483,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. acquired a new position in Equinix during the 4th quarter valued at about $28,000. Activest Wealth Management lifted its position in Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Equinix during the 1st quarter valued at about $30,000. Atticus Wealth Management LLC acquired a new position in Equinix during the 2nd quarter valued at about $29,000. Finally, Saudi Central Bank acquired a new position in Equinix during the 1st quarter valued at about $31,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research reports. The Goldman Sachs Group cut their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Bank of America lowered their price target on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Stifel Nicolaus lowered their price target on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. JPMorgan Chase & Co. upped their price target on Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Dbs Bank raised Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $962.52.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on 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 directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Trading Up 0.8%

NASDAQ EQIX opened at $791.25 on Friday. The company has a market cap of $77.43 billion, a PE ratio of 77.50, a PEG ratio of 1.41 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The stock has a 50 day moving average of $781.41 and a 200-day moving average of $818.54.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data 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 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 firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is presently 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.

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