290 Shares in Equinix, Inc. $EQIX Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 290 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock worth $34,000 after buying an additional 12 shares in the last quarter. Signaturefd LLC lifted its position in shares of Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 12 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $202,000 after buying an additional 12 shares in the last quarter. Gitterman Wealth Management LLC lifted its position in shares of Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after buying an additional 12 shares in the last quarter. Finally, Sava Infond d.o.o. lifted its position in shares of Equinix by 2.0% in the first quarter. Sava Infond d.o.o. now owns 678 shares of the financial services provider’s stock worth $553,000 after buying an additional 13 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director directly owned 17,832 shares in the company, 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EQIX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Truist Financial upped their price objective on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. UBS Group decreased their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, Wells Fargo & Company decreased their price objective on Equinix from $1,065.00 to $925.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Equinix presently has a consensus rating of “Buy” and an average price target of $960.14.

Equinix Trading Up 1.4%

Shares of NASDAQ EQIX opened at $825.14 on Tuesday. 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 business’s 50 day moving average price is $787.50 and its 200-day moving average price is $813.02. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a market cap of $80.75 billion, a price-to-earnings ratio of 80.82, a PEG ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its quarterly 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 firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $9.22 earnings per share. The company’s revenue for the quarter 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, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio is presently 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.