Equinix, Inc. $EQIX Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 3.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,643 shares of the financial services provider’s stock after acquiring an additional 1,265 shares during the quarter. Benjamin Edwards Inc.’s holdings in Equinix were worth $29,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Gitterman Wealth Management LLC lifted its stake in Equinix by 5.0% during the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock valued at $206,000 after buying an additional 12 shares in the last quarter. Quent Capital LLC lifted its position in shares of Equinix by 4.8% in the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 13 shares in the last quarter. Whittier Trust Co. boosted its stake in Equinix by 1.3% in the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC raised its stake in Equinix by 10.9% during the 2nd quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 13 shares during the period. Finally, Bank of Jackson Hole Trust lifted its holdings in shares of Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 159 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total transaction of $116,259.21. Following the completion of the transaction, the executive vice president owned 6,584 shares in the company, valued at approximately $4,814,154.96. This represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were 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. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,704 shares of company stock valued at $6,617,748. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. TD Cowen upped their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” 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. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective on the stock in a research report on Wednesday, December 3rd. Finally, Truist Financial upped their price objective on shares of Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $958.15.

Equinix Trading Down 0.5%

NASDAQ EQIX opened at $750.32 on Friday. The stock has a market capitalization of $73.67 billion, a price-to-earnings ratio of 68.71, a PEG ratio of 1.53 and a beta of 1.05. The business’s fifty day moving average is $789.62 and its 200-day moving average is $800.89. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. Equinix, Inc. has a one year low of $701.41 and a one year high of $982.98.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data 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. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be given a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

About Equinix

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.