Massachusetts Financial Services Co. MA Has $284.60 Million Stock Holdings in Equinix, Inc. $EQIX

Massachusetts Financial Services Co. MA decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.1% during the 2nd quarter, Holdings Channel reports. The firm owned 357,772 shares of the financial services provider’s stock after selling 15,186 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Equinix were worth $284,597,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Activest Wealth Management lifted its stake in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the period. Westside Investment Management Inc. grew its position in shares of Equinix by 190.9% during the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Equinix in the 2nd quarter valued at $26,000. Bank of Jackson Hole Trust lifted its position in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Finally, Atticus Wealth Management LLC acquired a new position in shares of Equinix during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 0.1%

NASDAQ:EQIX opened at $785.57 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50-day moving average of $804.03 and a 200-day moving average of $816.88. The company has a market cap of $77.13 billion, a PE ratio of 71.94, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share 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 analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 2.4%. Equinix’s payout ratio is presently 171.79%.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of Equinix stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the transaction, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. This represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

EQIX has been the subject of a number of research reports. Cfra Research cut shares of Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. 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. BMO Capital Markets set a $900.00 target price on Equinix and gave the company a “market perform” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Five equities research 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. According to data from MarketBeat.com, Equinix presently has an average rating of “Buy” and an average target price of $960.76.

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.