Equinix, Inc. $EQIX Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its stake in Equinix, Inc. by 54.3% in Q2, owning 2,179 shares valued at approximately $1.73 million.
• Equinix's latest earnings report showed an earnings per share (EPS) of $9.91, significantly surpassing analysts' expectations of $3.49, with revenue of $2.26 billion.
• Research analysts have mixed ratings on Equinix, with a consensus rating of "Buy" and an average target price of $960.65.

Concurrent Investment Advisors LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 54.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,179 shares of the financial services provider's stock after acquiring an additional 767 shares during the period. Concurrent Investment Advisors LLC's holdings in Equinix were worth $1,734,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its position in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider's stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the last quarter. Nuveen LLC acquired a new position in shares of Equinix during the first quarter valued at approximately $662,663,000. JPMorgan Chase & Co. raised its holdings in shares of Equinix by 22.5% during 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. National Bank of Canada FI raised its holdings in shares of Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider's stock valued at $321,427,000 after acquiring an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Equinix by 1.9% during 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 last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Equinix in a research note on Wednesday, October 8th. Scotiabank reduced their target price on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. UBS Group cut their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Equinix has a consensus rating of "Buy" and an average target price of $960.65.

Equinix Price Performance

Shares of EQIX stock opened at $817.42 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm's 50-day moving average is $784.12 and its two-hundred day moving average is $812.63. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a market capitalization of $79.99 billion, a PE ratio of 80.06, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92.

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

Equinix Dividend Announcement

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

Insiders Place Their Bets

In related 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 sale, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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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