Equinix, Inc. $EQIX Position Raised by Vert Asset Management LLC

Vert Asset Management LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,244 shares of the financial services provider’s stock after acquiring an additional 3,623 shares during the period. Equinix accounts for approximately 7.2% of Vert Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Vert Asset Management LLC’s holdings in Equinix were worth $21,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC raised its position in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after buying an additional 546 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Equinix during the 2nd quarter valued at approximately $284,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Equinix by 13.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,169 shares of the financial services provider’s stock valued at $4,068,000 after acquiring an additional 612 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the sale, the director directly owned 17,782 shares in the company, valued at approximately $13,826,927.56. The trade was a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 159 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total value of $116,259.21. Following the transaction, the executive vice president directly owned 6,584 shares of the company’s stock, valued at $4,814,154.96. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,704 shares of company stock valued at $6,617,748. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX traded down $13.46 during trading on Tuesday, hitting $788.32. The company’s stock had a trading volume of 35,700 shares, compared to its average volume of 497,024. The firm has a market capitalization of $77.40 billion, a price-to-earnings ratio of 72.29, a P/E/G ratio of 1.25 and a beta of 1.05. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $953.41. The business’s fifty day simple moving average is $765.68 and its 200 day simple moving average is $782.56. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32.

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 return on equity of 7.70% and a net margin of 11.82%.The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the company posted $9.05 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a $4.69 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Analysts Set New Price Targets

EQIX has been the topic of several recent research reports. Morgan Stanley initiated coverage on shares of Equinix in a report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price target on the stock. Barclays restated a “positive” rating and issued a $870.00 target price on shares of Equinix in a research note on Tuesday, January 13th. BMO Capital Markets upgraded Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price target for the company in a research report on Wednesday, December 3rd. Truist Financial boosted their price target on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $959.64.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.