Equinix, Inc. $EQIX Shares Sold by SVB Wealth LLC

Key Points

• SVB Wealth LLC has reduced its stake in Equinix, Inc. by 20.4%, selling 796 shares, and now holds shares valued at $2.53 million.
• Equinix reported impressive earnings of $9.91 per share in its latest quarterly results, significantly exceeding analyst expectations.
• The company has announced a quarterly dividend of $4.69 per share, reflecting an annual yield of 2.4% despite a high payout ratio of 183.74%.

SVB Wealth LLC lowered its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 20.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,104 shares of the financial services provider's stock after selling 796 shares during the period. SVB Wealth LLC's holdings in Equinix were worth $2,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. purchased a new position in Equinix in the fourth quarter valued at about $28,000. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix during the 1st quarter worth approximately $30,000. Whipplewood Advisors LLC increased its stake in shares of Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after purchasing an additional 12 shares in the last quarter. Finally, Pacific Center for Financial Services increased its stake in shares of Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $786.47 on Friday. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The firm has a market capitalization of $76.96 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 1.39 and a beta of 0.90. 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's fifty day simple moving average is $796.24 and its 200 day simple moving average is $839.14.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results 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. The company had revenue of $2.26 billion during 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%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is presently 183.74%.

Insider Transactions at Equinix

In other Equinix news, 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 transaction, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. The trade was a 23.47% 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EQIX. Guggenheim began coverage on shares of Equinix in a research note on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. Mizuho dropped their price objective on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. New Street Research raised shares of Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Citigroup raised their target price on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $962.52.

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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