Equinix, Inc. $EQIX Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,269 shares of the financial services provider’s stock after selling 14,000 shares during the quarter. Railway Pension Investments Ltd’s holdings in Equinix were worth $80,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. 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 last quarter. Westside Investment Management Inc. increased its stake in shares of Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 21 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Equinix during the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust lifted its holdings in 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 acquiring an additional 14 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Equinix in the second quarter valued at about $28,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Up 0.4%

Shares of NASDAQ:EQIX opened at $753.74 on Friday. The stock’s 50-day moving average price is $799.11 and its two-hundred day moving average price is $809.48. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $991.93. The firm has a market cap of $74.01 billion, a price-to-earnings ratio of 69.02, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

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

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction dated 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 owned 17,782 shares of the company’s stock, valued at approximately $13,826,927.56. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the sale, the insider owned 8,277 shares of the company’s stock, 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. Insiders have sold 5,641 shares of company stock worth $4,394,531 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EQIX shares. Barclays boosted their target price on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. TD Cowen boosted their price target on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $961.33.

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.