CENTRAL TRUST Co Decreases Stock Holdings in Equinix, Inc. $EQIX

CENTRAL TRUST Co lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,745 shares of the financial services provider’s stock after selling 253 shares during the quarter. CENTRAL TRUST Co’s holdings in Equinix were worth $1,388,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Vise Technologies Inc. bought a new stake in Equinix in the 2nd quarter worth approximately $869,000. Allworth Financial LP boosted its stake in shares of Equinix by 745.7% in the 2nd quarter. Allworth Financial LP now owns 1,759 shares of the financial services provider’s stock worth $1,399,000 after buying an additional 1,551 shares during the last quarter. Altman Advisors Inc. grew its holdings in shares of Equinix by 1.7% in the second quarter. Altman Advisors Inc. now owns 2,056 shares of the financial services provider’s stock worth $1,635,000 after acquiring an additional 34 shares during the period. ProShare Advisors LLC increased its position in Equinix by 3.7% during the second quarter. ProShare Advisors LLC now owns 20,176 shares of the financial services provider’s stock valued at $16,049,000 after acquiring an additional 718 shares during the last quarter. Finally, PFG Advisors lifted its holdings in Equinix by 29.1% in the second quarter. PFG Advisors now owns 2,646 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 596 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQIX. Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Daiwa Capital Markets set a $917.00 price objective on shares of Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Dbs Bank raised Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $960.76.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were 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 of the company’s stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of Equinix stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the sale, the insider owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 579 shares of company stock worth $454,188 in the last three months. 0.27% of the stock is owned by company insiders.

Equinix Trading Down 1.0%

Shares of Equinix stock opened at $813.24 on Thursday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. 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 company has a market capitalization of $79.85 billion, a P/E ratio of 74.47, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a fifty day moving average of $803.42 and a 200 day moving average of $818.06.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s payout ratio is currently 171.79%.

About Equinix

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.