Focus Partners Wealth Acquires 418 Shares of Equinix, Inc. $EQIX

Focus Partners Wealth boosted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,573 shares of the financial services provider's stock after buying an additional 418 shares during the period. Focus Partners Wealth's holdings in Equinix were worth $2,098,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp grew its position in Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after acquiring an additional 3,981 shares during the period. Elliott Investment Management L.P. bought a new stake in shares of Equinix during the first quarter worth $122,302,000. Nisa Investment Advisors LLC grew its holdings in shares of Equinix by 71.7% during the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock worth $60,690,000 after purchasing an additional 31,073 shares during the last quarter. First United Bank & Trust bought a new stake in shares of Equinix during the first quarter worth $451,000. Finally, Partners Group Holding AG grew its holdings in shares of Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider's stock worth $42,225,000 after purchasing an additional 4,968 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Equinix in a research note on Thursday, July 3rd. JMP Securities reissued a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Truist Financial increased their target price on Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. UBS Group cut their target price on 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, Scotiabank cut their target price on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Equinix currently has an average rating of "Buy" and a consensus price target of $962.52.

Equinix Stock Down 1.6%

NASDAQ:EQIX opened at $779.31 on Wednesday. The firm has a market capitalization of $76.26 billion, a price-to-earnings ratio of 76.33, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The stock's 50 day moving average price is $779.91 and its two-hundred day moving average price is $821.22. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly 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. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm earned $9.22 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares of the company's stock, valued at $4,918,139.58. This trade represents 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.

About Equinix

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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