Equinix, Inc. $EQIX Position Boosted by Ieq Capital LLC

Key Points

• Ieq Capital LLC has increased its stake in Equinix, Inc. by 14.4%, acquiring an additional 594 shares, bringing its total holdings to 4,730 shares valued at approximately $3.86 million.
• Following various transactions, corporate insiders, including Director Christopher B. Paisley and CEO Adaire Fox-Martin, have reduced their ownership stakes, with the CEO's position decreasing by 23.47%.
• Equinix has received a favorable outlook from analysts, notably a "moderate buy" rating from Dbs Bank and an increased price target from Truist Financial to $961.00, with an average rating of "Buy" overall.

Ieq Capital LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,730 shares of the financial services provider's stock after acquiring an additional 594 shares during the period. Ieq Capital LLC's holdings in Equinix were worth $3,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of Equinix during the fourth quarter worth $28,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix during the first quarter worth $30,000. Whipplewood Advisors LLC raised its holdings in shares of Equinix by 127.8% during the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of Equinix by 40.0% during the first 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 during the period. Finally, Pacific Center for Financial Services raised its holdings in shares of 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 purchasing an additional 15 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the transaction, the chief executive officer owned 9,615 shares in the company, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 75 shares of the firm'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 transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents 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 Price Performance

EQIX traded down $0.16 on Monday, reaching $786.19. The company had a trading volume of 321,930 shares, compared to its average volume of 389,100. The company has a fifty day moving average of $784.08 and a 200-day moving average of $831.49. The company has a market capitalization of $76.94 billion, a P/E ratio of 77.00, a PEG ratio of 1.40 and a beta of 0.92. 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 one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's dividend payout ratio (DPR) is 183.74%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EQIX. Truist Financial increased their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Guggenheim began coverage on shares of Equinix in a report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price objective on the stock. Wall Street Zen cut shares of Equinix from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Mizuho dropped their price objective on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Equinix presently has a consensus rating of "Buy" and an average price target of $962.52.

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.