Heartland Bank & Trust Co Buys 271 Shares of Equinix, Inc. $EQIX

Heartland Bank & Trust Co grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 77.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 621 shares of the financial services provider’s stock after buying an additional 271 shares during the period. Heartland Bank & Trust Co’s holdings in Equinix were worth $494,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of Equinix by 121.4% during the 1st 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 in the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix during the 1st quarter valued at $30,000. Atticus Wealth Management LLC bought a new stake in shares of Equinix during the 2nd quarter valued at $29,000. Saudi Central Bank bought a new stake in shares of Equinix during the 1st quarter valued at $31,000. Finally, Quarry LP bought a new stake in shares of Equinix during the 1st quarter valued at $31,000. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on EQIX shares. Scotiabank dropped their target price on shares of Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 26th. Wells Fargo & Company lowered their price target on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Stifel Nicolaus lowered their price target on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. Bank of America lowered their price target on Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. Finally, Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $960.65.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $806.29 on Tuesday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The business has a 50-day simple moving average of $783.35 and a two-hundred day simple moving average of $812.60. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $78.90 billion, a price-to-earnings ratio of 78.97, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm earned $9.22 EPS. Equinix’s 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, analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

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

Equinix 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.