Equinix, Inc. $EQIX Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 143.5% in the second quarter, Holdings Channel reports. The fund owned 1,137 shares of the financial services provider’s stock after purchasing an additional 670 shares during the period. Exchange Traded Concepts LLC’s holdings in Equinix were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Brighton Jones LLC increased its stake in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Equinix during the 4th quarter worth $2,027,000. Toronto Dominion Bank grew its holdings in shares of Equinix by 8.4% during the 4th quarter. Toronto Dominion Bank now owns 51,495 shares of the financial services provider’s stock worth $48,554,000 after purchasing an additional 3,975 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Equinix during the 4th quarter worth $49,000. Finally, Siemens Fonds Invest GmbH grew its holdings in shares of Equinix by 3.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 3,318 shares of the financial services provider’s stock worth $3,105,000 after purchasing an additional 121 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EQIX shares. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Wells Fargo & Company lowered their price target on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Bank of America lowered their price target on Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Finally, Truist Financial increased their price target on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $962.52.

Insider Activity

In related news, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. The trade was 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 Stock Performance

Shares of EQIX opened at $803.28 on Wednesday. The stock has a 50-day simple moving average of $783.03 and a 200-day simple moving average of $817.64. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $78.61 billion, a PE ratio of 78.68, a PEG ratio of 1.42 and a beta of 0.92. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

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.