Equinix, Inc. $EQIX Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its stake in Equinix, Inc. (NASDAQ:EQIX) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,217 shares of the financial services provider’s stock after selling 1,678 shares during the period. UniSuper Management Pty Ltd owned about 0.06% of Equinix worth $45,598,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EQIX. Brighton Jones LLC grew its stake in Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 54 shares during the period. Empowered Funds LLC grew its position in shares of Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Equinix by 13.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,169 shares of the financial services provider’s stock worth $4,068,000 after acquiring an additional 612 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Equinix in the 2nd quarter valued at $222,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 2,094 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.14, for a total transaction of $1,683,869.16. Following the sale, the chairman directly owned 13,253 shares in the company, valued at approximately $10,657,267.42. The trade was a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan Lin sold 888 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $801.78, for a total value of $711,980.64. Following the completion of the sale, the insider directly owned 9,390 shares in the company, valued at $7,528,714.20. This trade represents a 8.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,590 shares of company stock worth $15,366,046. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Down 0.2%

NASDAQ EQIX opened at $791.27 on Friday. 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 stock has a market capitalization of $77.69 billion, a P/E ratio of 72.46, a P/E/G ratio of 1.24 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 firm has a 50-day moving average price of $764.83 and a 200 day moving average price of $782.80.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EQIX. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Thursday. Citigroup reissued a “buy” rating on shares of Equinix in a report on Thursday, December 11th. JPMorgan Chase & Co. upped their price objective on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, HSBC set a $1,050.00 price objective on Equinix and gave the stock a “buy” rating in a research report on Thursday, January 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $959.64.

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.