Brookmont Capital Management Sells 75 Shares of Equinix, Inc. $EQIX

Brookmont Capital Management lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,107 shares of the financial services provider’s stock after selling 75 shares during the quarter. Equinix makes up 1.4% of Brookmont Capital Management’s portfolio, making the stock its 24th biggest position. Brookmont Capital Management’s holdings in Equinix were worth $2,471,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EQIX. Nuveen LLC bought a new stake in shares of Equinix in the 1st quarter valued at about $662,663,000. JPMorgan Chase & Co. raised its holdings in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Equinix by 169.7% in the 1st quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after purchasing an additional 248,075 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after purchasing an additional 242,121 shares in the last quarter. Finally, Amundi raised its holdings in shares of Equinix by 21.6% in the 1st quarter. Amundi now owns 1,068,003 shares of the financial services provider’s stock valued at $856,637,000 after purchasing an additional 189,383 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Scotiabank reduced their price objective on shares of Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 26th. UBS Group reduced their price objective 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. Truist Financial boosted their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Bank of America reduced their price objective on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $962.52.

Equinix Stock Down 1.2%

NASDAQ:EQIX opened at $773.95 on Thursday. The company has a market cap of $75.74 billion, a PE ratio of 75.80, a P/E/G ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. 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 company’s 50 day moving average is $782.97 and its two-hundred day moving average is $815.50.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s payout ratio is currently 183.74%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company’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 sale, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the company’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 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 ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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.