Sound View Wealth Advisors Group LLC Reduces Position in Equinix, Inc. $EQIX

Sound View Wealth Advisors Group LLC reduced its holdings in Equinix, Inc. (NASDAQ:EQIX) by 16.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,992 shares of the financial services provider’s stock after selling 395 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Equinix were worth $1,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after acquiring an additional 242,121 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Equinix by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after purchasing an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Equinix by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock worth $1,087,334,000 after buying an additional 25,290 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the sale, the insider owned 8,277 shares of the company’s stock, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 579 shares of company stock worth $454,188. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Barclays raised their price objective on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Truist Financial lifted their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, TD Cowen increased their price target on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $960.76.

Equinix Stock Up 0.7%

Shares of EQIX opened at $824.75 on Monday. The firm has a market cap of $80.98 billion, a P/E ratio of 75.53, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company’s 50-day moving average price is $800.57 and its 200 day moving average price is $818.13. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced 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 7.74%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm posted $9.05 earnings per share. Equinix’s 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. On average, sell-side analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

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

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.