NorthRock Partners LLC Raises Holdings in Equinix, Inc. $EQIX

NorthRock Partners LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,226 shares of the financial services provider’s stock after buying an additional 22 shares during the period. NorthRock Partners LLC’s holdings in Equinix were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EQIX. Valeo Financial Advisors LLC boosted its position in Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after buying an additional 8,154,365 shares during the last quarter. Nuveen LLC purchased a new stake in Equinix in the first quarter valued at approximately $662,663,000. JPMorgan Chase & Co. boosted its position in Equinix by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after buying an additional 291,753 shares during the last quarter. National Bank of Canada FI boosted its position in Equinix by 169.7% in the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after buying an additional 248,075 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after buying an additional 242,121 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 1.4%

Shares of EQIX stock opened at $817.42 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $80.00 billion, a price-to-earnings ratio of 80.06, a PEG ratio of 1.39 and a beta of 0.92. The stock has a 50 day simple moving average of $784.12 and a 200-day simple moving average of $812.63. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last announced 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. 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 the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $9.22 EPS. The business’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, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on EQIX shares. Bank of America lowered their price objective on Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Stifel Nicolaus lowered their price objective on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. The Goldman Sachs Group lowered their price objective on Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a research report on Wednesday, July 2nd. Truist Financial upped their price objective on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Five equities research 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. According to MarketBeat, Equinix currently has an average rating of “Buy” and an average target price of $960.65.

Insider Buying and Selling at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction on 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 directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the 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 completion of the transaction, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% 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 corporate insiders.

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.