First National Bank of Mount Dora Trust Investment Services Has $863,000 Position in Equinix, Inc. $EQIX

First National Bank of Mount Dora Trust Investment Services reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,085 shares of the financial services provider’s stock after selling 156 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Equinix were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after purchasing an additional 242,121 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Equinix by 298,148.6% in the 2nd 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 acquiring an additional 8,154,365 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 291,753 shares in the last quarter. Northern Trust Corp raised its holdings in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after acquiring an additional 40,734 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after acquiring an additional 25,290 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the company’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 sale, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction dated 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 sale, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EQIX. Scotiabank dropped their price objective 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. Zacks Research raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $960.14.

Equinix Trading Down 1.2%

Shares of EQIX stock opened at $812.77 on Friday. The firm has a market capitalization of $79.54 billion, a P/E ratio of 79.61, a P/E/G ratio of 1.42 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 quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $785.77 and its 200 day simple moving average is $812.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data 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. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous 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. As a group, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a $4.69 dividend. 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 payout ratio is 183.74%.

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.