US Bancorp DE Trims Position in Equinix, Inc. $EQIX

US Bancorp DE lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,052 shares of the financial services provider's stock after selling 806 shares during the quarter. US Bancorp DE owned about 0.05% of Equinix worth $42,202,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Truist Financial Corp boosted its position in shares of Equinix by 8.2% during the 1st 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 last quarter. Elliott Investment Management L.P. bought a new stake in shares of Equinix during the 1st quarter valued at about $122,302,000. Nisa Investment Advisors LLC boosted its position in shares of Equinix by 71.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after acquiring an additional 31,073 shares during the last quarter. First United Bank & Trust bought a new stake in shares of Equinix during the 1st quarter valued at about $451,000. Finally, Gradient Investments LLC boosted its position in shares of Equinix by 19.4% during the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider's stock valued at $19,635,000 after acquiring an additional 4,015 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Shares of EQIX stock opened at $808.33 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a 50 day moving average price of $782.22 and a two-hundred day moving average price of $813.07. The company has a market capitalization of $79.10 billion, a P/E ratio of 79.17, a PEG ratio of 1.43 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $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 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix's payout ratio is presently 183.74%.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Tuesday, September 9th. The shares were 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 in the company, valued at $4,918,139.58. This trade represents a 5.96% 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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQIX. Dbs Bank upgraded Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Barclays boosted their target price on Equinix from $798.00 to $804.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Cfra Research downgraded Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. UBS Group dropped their target price on Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $960.65.

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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.