Equinix, Inc. $EQIX Shares Acquired by Mattson Financial Services LLC

Key Points

• Mattson Financial Services LLC increased its ownership in Equinix, Inc. by 21.6% during Q2, holding shares valued at approximately $2,017,000 at the end of the reporting period.
• Equinix's quarterly earnings report revealed an EPS of $9.91, significantly exceeding the consensus estimate of $3.49, with a total revenue of $2.26 billion.
• The company recently declared a quarterly dividend of $4.69 per share, leading to an annualized dividend yield of 2.3%.

Mattson Financial Services LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 21.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,536 shares of the financial services provider's stock after acquiring an additional 451 shares during the quarter. Mattson Financial Services LLC's holdings in Equinix were worth $2,017,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its stake in shares of Equinix by 121.4% during the first 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 during the period. Atticus Wealth Management LLC acquired a new position in shares of Equinix during the second quarter valued at approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix during the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new position in shares of Equinix during the first quarter valued at approximately $31,000. Finally, Quarry LP acquired a new position in shares of Equinix during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on EQIX shares. Barclays raised their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equinix in a report on Wednesday, October 8th. Dbs Bank upgraded Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Truist Financial lifted 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. Finally, Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. Five equities 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 data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $960.14.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction that occurred 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 transaction, the director owned 17,832 shares in the company, 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. Insiders own 0.27% of the company's stock.

Equinix Trading Down 1.2%

NASDAQ EQIX opened at $812.77 on Friday. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $79.54 billion, a price-to-earnings ratio of 79.61, a PEG ratio of 1.42 and a beta of 0.92. The firm's 50 day moving average price is $785.77 and its two-hundred day moving average price is $812.68.

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

Equinix Dividend Announcement

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