Hilltop National Bank Makes New Investment in Equinix, Inc. $EQIX

Key Points

• Hilltop National Bank has made a new investment in Equinix, Inc. by purchasing 372 shares valued at approximately $296,000 in the second quarter.
• Equinix has a strong presence of institutional investors, with 94.94% of the stock currently held by them, while insiders hold only 0.27%.
• The company recently declared a quarterly dividend of $4.69 per share, equating to an annual dividend yield of 2.4% despite a high dividend payout ratio of 183.74%.

Hilltop National Bank bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 372 shares of the financial services provider's stock, valued at approximately $296,000.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings 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 in the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Equinix during the second quarter valued at approximately $29,000. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix during the first quarter valued at approximately $30,000. Saudi Central Bank bought a new stake in shares of Equinix during the first quarter valued at approximately $31,000. Finally, Quarry LP purchased a new position in shares of Equinix during the first quarter valued at approximately $31,000. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the company'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 owned 6,378 shares of the company's stock, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This 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 corporate insiders.

Equinix Stock Up 0.8%

EQIX stock opened at $778.74 on Friday. The stock's fifty day simple moving average is $782.18 and its two-hundred day simple moving average is $814.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The stock has a market cap of $76.21 billion, a P/E ratio of 76.27, a P/E/G ratio of 1.38 and a beta of 0.92.

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 return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm earned $9.22 earnings per share. The business's 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. Analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were 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 of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EQIX shares. Barclays lifted their target price on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. 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. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and cut their target price for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Cowen reaffirmed a "buy" rating on shares of Equinix in a research report on Thursday, July 3rd. Finally, The Goldman Sachs Group cut their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $960.65.

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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