Webster Bank N. A. Has $2.67 Million Stock Holdings in Equinix, Inc. $EQIX

Webster Bank N. A. raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 14,704.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,405 shares of the financial services provider’s stock after buying an additional 3,382 shares during the quarter. Webster Bank N. A.’s holdings in Equinix were worth $2,667,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Argonautica Private Wealth Management Inc. grew its stake in shares of Equinix by 4.3% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 985 shares of the financial services provider’s stock valued at $771,000 after buying an additional 41 shares during the period. Steinberganna Wealth Management bought a new position in shares of Equinix in the 3rd quarter worth $1,446,000. Benjamin Edwards Inc. increased its stake in Equinix by 1.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 38,059 shares of the financial services provider’s stock valued at $29,828,000 after purchasing an additional 416 shares in the last quarter. United Asset Strategies Inc. raised its holdings in Equinix by 2.1% during the third quarter. United Asset Strategies Inc. now owns 717 shares of the financial services provider’s stock worth $562,000 after buying an additional 15 shares during the last quarter. Finally, Moran Wealth Management LLC grew its holdings in shares of Equinix by 14.0% during the third quarter. Moran Wealth Management LLC now owns 294 shares of the financial services provider’s stock valued at $230,000 after buying an additional 36 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $781.88 on Friday. The company has a market cap of $76.77 billion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $953.41. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $769.95 and its two-hundred day simple moving average is $783.74.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company earned $9.05 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s payout ratio is 171.79%.

Insider Activity at Equinix

In other news, CEO Adaire Fox-Martin sold 2,894 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the sale, the chief executive officer directly owned 12,366 shares in the company, valued at $9,040,658.94. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan Lin sold 124 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total transaction of $90,666.32. Following the completion of the sale, the insider directly owned 8,299 shares in the company, valued at approximately $6,068,062.82. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,704 shares of company stock worth $6,617,748 in the last 90 days. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. TD Cowen upped their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Citigroup restated a “buy” rating on shares of Equinix in a report on Thursday, December 11th. Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group lowered Equinix from a “buy” rating to a “neutral” rating and set a $795.00 target price for the company. in a report on Thursday, December 18th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $952.05.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.