Hilltop National Bank Acquires New Shares in Equinix, Inc. $EQIX

Hilltop National Bank acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent filing with the SEC. The fund acquired 372 shares of the financial services provider’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp raised its stake 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 purchasing an additional 3,981 shares during the period. Elliott Investment Management L.P. bought a new stake in shares of Equinix during the 1st quarter valued at $122,302,000. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 31,073 shares during the period. First United Bank & Trust bought a new stake in shares of Equinix during the 1st quarter valued at $451,000. Finally, Gradient Investments LLC increased its stake in Equinix by 19.4% in the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after acquiring an additional 4,015 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the topic of a number of research analyst reports. JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Saturday, September 27th. Wells Fargo & Company decreased their target price on Equinix from $1,065.00 to $925.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Finally, Wolfe Research lowered Equinix from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $960.65.

Insider Activity

In related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction dated 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 directly owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The shares were 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 $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX opened at $778.74 on Friday. The stock has a 50-day moving average price of $782.18 and a 200-day moving average price of $814.49. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $76.21 billion, a P/E ratio of 76.27, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.26 billion. During the same period in the prior year, the business earned $9.22 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s dividend payout ratio is currently 183.74%.

Equinix 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.