Equinix, Inc. $EQIX Shares Purchased by M&G PLC

M&G PLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 322,525 shares of the financial services provider’s stock after purchasing an additional 21,209 shares during the period. Equinix makes up 1.4% of M&G PLC’s investment portfolio, making the stock its 17th largest holding. M&G PLC’s holdings in Equinix were worth $256,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EQIX. Signaturefd LLC boosted its stake in shares of Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 12 shares during the period. AE Wealth Management LLC lifted its position in Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 12 shares during the period. Gitterman Wealth Management LLC grew its stake in shares of Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 12 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Equinix by 4.8% in the second quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 13 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of Equinix by 1.3% during the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Down 0.9%

Shares of NASDAQ EQIX opened at $821.04 on Wednesday. The stock has a market capitalization of $80.61 billion, a price-to-earnings ratio of 75.19, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The firm has a 50-day moving average price of $802.40 and a 200 day moving average price of $818.09. 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) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company posted $9.05 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s payout ratio is currently 171.79%.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 404 shares of Equinix 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 completion of the transaction, the executive vice president owned 6,378 shares of the company’s stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction dated 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 owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 579 shares of company stock valued at $454,188. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

EQIX has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. Finally, Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Five research 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $960.76.

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.