Ritholtz Wealth Management Grows Holdings in Equinix, Inc. $EQIX

Ritholtz Wealth Management increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.7% during the 2nd quarter, Holdings Channel reports. The firm owned 843 shares of the financial services provider’s stock after purchasing an additional 127 shares during the quarter. Ritholtz Wealth Management’s holdings in Equinix were worth $671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted 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 acquiring an additional 17 shares during the last quarter. Atticus Wealth Management LLC purchased a new position in Equinix in the second quarter valued at about $29,000. GKV Capital Management Co. Inc. purchased a new position in Equinix in the first quarter valued at about $30,000. Saudi Central Bank purchased a new position in Equinix in the first quarter valued at about $31,000. Finally, Quarry LP purchased a new position in Equinix in the first quarter valued at about $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Performance

Shares of EQIX stock opened at $813.93 on Friday. The stock has a market capitalization of $79.65 billion, a P/E ratio of 79.72, a PEG ratio of 1.41 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’s 50 day moving average is $786.53 and its 200 day moving average is $812.53. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03.

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 analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s dividend payout ratio is 183.74%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. BMO Capital Markets cut shares of Equinix from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Bank of America dropped their price target on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Equinix currently has a consensus rating of “Buy” and a consensus target price of $960.14.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.