Davis Selected Advisers Acquires 290 Shares of Equinix, Inc. $EQIX

Davis Selected Advisers grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,663 shares of the financial services provider’s stock after purchasing an additional 290 shares during the period. Davis Selected Advisers’ holdings in Equinix were worth $12,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EQIX. Brighton Jones LLC increased its stake in 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 buying an additional 73 shares during the period. CWM LLC increased its position in shares of Equinix by 2.1% during the first quarter. CWM LLC now owns 1,784 shares of the financial services provider’s stock worth $1,455,000 after acquiring an additional 36 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Equinix by 2.5% during the first quarter. Apollon Wealth Management LLC now owns 1,278 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 31 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Equinix by 7.3% in the first quarter. Whittier Trust Co. now owns 1,027 shares of the financial services provider’s stock valued at $837,000 after purchasing an additional 70 shares during the period. Finally, Larson Financial Group LLC grew its stake in Equinix by 281.3% in the first quarter. Larson Financial Group LLC now owns 366 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 270 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EQIX shares. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix presently has an average rating of “Buy” and an average target price of $960.76.

Equinix Stock Performance

Shares of Equinix stock opened at $786.54 on Friday. The company has a market capitalization of $77.23 billion, a PE ratio of 72.03, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a 50-day simple moving average of $803.80 and a two-hundred day simple moving average of $817.84. Equinix, Inc. has a one year low of $701.41 and a one year 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.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the firm earned $9.05 EPS. The company’s quarterly 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. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is currently 171.79%.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated 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 in the company, valued at $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. In the last quarter, insiders sold 579 shares of company stock worth $454,188. Insiders own 0.27% of the company’s stock.

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.