Equinix, Inc. $EQIX Shares Acquired by HRT Financial LP

HRT Financial LP increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,939 shares of the financial services provider’s stock after purchasing an additional 4,278 shares during the quarter. HRT Financial LP’s holdings in Equinix were worth $15,860,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Equinix by 1.7% in the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after buying an additional 222,221 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the last quarter. State Street Corp boosted its position in Equinix by 3.7% during the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after purchasing an additional 220,981 shares in the last quarter. Northern Trust Corp grew its holdings in Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after purchasing an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Equinix by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after buying an additional 25,290 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several recent research reports. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. BMO Capital Markets upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price for the company in a research report on Wednesday, December 3rd. Barclays increased their price target on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, TD Cowen upped their target price on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $958.15.

Equinix Stock Performance

NASDAQ:EQIX opened at $750.32 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $73.67 billion, a PE ratio of 68.71, a P/E/G ratio of 1.53 and a beta of 1.05. The firm has a 50 day simple moving average of $789.62 and a 200-day simple moving average of $800.89. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $982.98.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company earned $9.05 EPS. Equinix’s revenue for the quarter 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 analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm 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 is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.5%. Equinix’s dividend payout ratio is 171.79%.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 50 shares of Equinix stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the sale, the director owned 17,782 shares in the company, valued at $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 available through this link. Also, CEO Adaire Fox-Martin sold 2,894 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the transaction, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at approximately $9,040,658.94. This represents a 18.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,704 shares of company stock worth $6,617,748 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

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.