Gradient Investments LLC Purchases 4,015 Shares of Equinix, Inc. $EQIX

Key Points

• Gradient Investments LLC increased its stake in Equinix, Inc. by 19.4% in Q2, now holding shares valued at approximately $19.64 million.
• Equinix reported an earnings per share (EPS) of $9.91 for the last quarter, significantly exceeding the consensus estimate of $3.49.
• The company announced a quarterly dividend of $4.69 per share, with a yield of 2.4%, set to be paid on September 17th.

Gradient Investments LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 19.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,684 shares of the financial services provider's stock after purchasing an additional 4,015 shares during the period. Gradient Investments LLC's holdings in Equinix were worth $19,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Pinney & Scofield Inc. purchased a new position in Equinix during the fourth quarter worth approximately $28,000. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix in the 1st quarter valued at approximately $30,000. Pacific Center for Financial Services grew its holdings in Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after acquiring an additional 15 shares during the period. Finally, Saudi Central Bank acquired a new stake in shares of Equinix in the 1st quarter worth approximately $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Mizuho cut their price objective on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Cfra Research cut shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Bank of America decreased their target price on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Five 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $962.52.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was 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. This trade represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix Trading Down 1.6%

Shares of Equinix stock traded down $12.37 on Tuesday, hitting $779.31. 486,236 shares of the company's stock traded hands, compared to its average volume of 380,153. The firm's 50-day moving average price is $779.91 and its two-hundred day moving average price is $821.22. The stock has a market capitalization of $76.26 billion, a PE ratio of 76.33, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data 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. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business 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 posted $9.22 earnings per share. The firm's revenue for the quarter 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. On average, research analysts expect that Equinix, Inc. will post 33.1 EPS 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 given a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's dividend payout ratio (DPR) is currently 183.74%.

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.