Cypress Capital Group Acquires New Stake in Equinix, Inc. $EQIX

Cypress Capital Group bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,743 shares of the financial services provider’s stock, valued at approximately $1,387,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. CWM LLC lifted its stake in shares of Equinix by 58.2% in the second quarter. CWM LLC now owns 2,822 shares of the financial services provider’s stock worth $2,245,000 after acquiring an additional 1,038 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Equinix by 35.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,113 shares of the financial services provider’s stock worth $9,640,000 after purchasing an additional 3,154 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Equinix by 1.3% in the 2nd quarter. Oak Ridge Investments LLC now owns 8,307 shares of the financial services provider’s stock worth $6,608,000 after purchasing an additional 108 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Equinix by 54.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,179 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 767 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of Equinix by 2.4% during the second quarter. Johnson Investment Counsel Inc. now owns 3,035 shares of the financial services provider’s stock worth $2,414,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Equinix from $1,069.00 to $900.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Bank of America dropped their price objective on Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Scotiabank lowered their target price on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a report on Thursday, June 26th. Finally, Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $960.65.

Insider Activity

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

Equinix Stock Down 1.0%

EQIX stock opened at $800.60 on Monday. The stock’s 50 day simple moving average is $782.79 and its 200 day simple moving average is $812.58. The company has a market cap of $78.35 billion, a P/E ratio of 78.41, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $9.22 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio (DPR) is currently 183.74%.

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.