Equinix, Inc. $EQIX Shares Purchased by Naviter Wealth LLC

Key Points

• Naviter Wealth LLC increased its stake in Equinix, Inc. by 23.2%, owning 6,906 shares valued at approximately $5.49 million after acquiring 1,302 additional shares.
• Equinix's most recent quarterly earnings report showed an earnings per share (EPS) of $9.91, significantly surpassing the consensus estimate of $3.49, with quarterly revenue totaling $2.26 billion.
• Brokerages have been active in setting new price targets, with an average consensus price target for Equinix of $960.65 and a prevalence of "buy" ratings among analysts.

Naviter Wealth LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 23.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,906 shares of the financial services provider's stock after buying an additional 1,302 shares during the period. Equinix makes up 0.7% of Naviter Wealth LLC's portfolio, making the stock its 27th biggest position. Naviter Wealth LLC's holdings in Equinix were worth $5,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its stake in Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after buying an additional 12 shares during the period. Signaturefd LLC increased its stake in Equinix by 0.8% during the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after buying an additional 12 shares during the period. AE Wealth Management LLC increased its stake in Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after buying an additional 12 shares during the period. Gitterman Wealth Management LLC increased its stake in Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after buying an additional 12 shares during the period. Finally, Sava Infond d.o.o. grew its stake in shares of Equinix by 2.0% in the 1st quarter. Sava Infond d.o.o. now owns 678 shares of the financial services provider's stock worth $553,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EQIX. Guggenheim began coverage on shares of Equinix in a research note on Thursday, July 10th. They issued a "buy" rating and a $933.00 price objective on the stock. Stifel Nicolaus lowered their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Truist Financial lifted their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. UBS Group lowered their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Cowen reiterated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Equinix currently has an average rating of "Moderate Buy" and a consensus price target of $960.65.

Equinix Stock Performance

EQIX stock opened at $806.29 on Tuesday. 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 $78.90 billion, a P/E ratio of 78.97, a P/E/G ratio of 1.38 and a beta of 0.92. The firm has a 50 day simple moving average of $783.35 and a 200 day simple moving average of $812.60. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

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

Equinix Dividend Announcement

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

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the firm's 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 owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

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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