Envestnet Portfolio Solutions Inc. Decreases Stake in Equinix, Inc. $EQIX

Envestnet Portfolio Solutions Inc. decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 3.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,002 shares of the financial services provider’s stock after selling 269 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Equinix were worth $5,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Sequoia Financial Advisors LLC increased its stake in shares of Equinix by 5.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,132 shares of the financial services provider’s stock worth $1,696,000 after purchasing an additional 116 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Equinix by 0.4% during the 2nd quarter. Yousif Capital Management LLC now owns 15,475 shares of the financial services provider’s stock worth $12,310,000 after purchasing an additional 58 shares during the last quarter. Cypress Capital Group purchased a new stake in shares of Equinix during the 2nd quarter worth approximately $1,387,000. CWM LLC increased its stake in shares of Equinix by 58.2% during the 2nd quarter. CWM LLC now owns 2,822 shares of the financial services provider’s stock worth $2,245,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Equinix by 35.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,113 shares of the financial services provider’s stock worth $9,640,000 after purchasing an additional 3,154 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 1.4%

Equinix stock opened at $817.42 on Wednesday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm has a market capitalization of $80.00 billion, a price-to-earnings ratio of 80.06, a P/E/G ratio of 1.39 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a 50 day simple moving average of $784.12 and a 200 day simple moving average of $812.63.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm earned $9.22 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s dividend payout ratio (DPR) is presently 183.74%.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Equinix from $935.00 to $940.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Guggenheim assumed coverage on shares of Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 price target for the company. UBS Group decreased their price target on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Stifel Nicolaus reduced their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Finally, Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Five analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $960.65.

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.