Drive Wealth Management LLC Grows Stock Holdings in Equinix, Inc. $EQIX

Drive Wealth Management LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 461 shares of the financial services provider’s stock after acquiring an additional 32 shares during the period. Drive Wealth Management LLC’s holdings in Equinix were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Schnieders Capital Management LLC bought a new stake in Equinix during the 2nd quarter valued at $231,000. FLC Capital Advisors bought a new stake in shares of Equinix in the second quarter valued at about $302,000. Accretive Wealth Partners LLC lifted its stake in Equinix by 1.5% in the second quarter. Accretive Wealth Partners LLC now owns 2,066 shares of the financial services provider’s stock worth $1,643,000 after acquiring an additional 31 shares during the period. Calamos Wealth Management LLC bought a new position in shares of Equinix during the second quarter valued at approximately $925,000. Finally, Chicago Partners Investment Group LLC boosted its position in Equinix by 34.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 355 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $825.14 on Tuesday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The business’s 50 day moving average price is $787.50 and its 200 day moving average price is $813.02. 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 firm has a market cap of $80.75 billion, a P/E ratio of 80.82, a P/E/G ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last announced 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. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $9.22 EPS. 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 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 dividend of $4.69 per share. 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 (DPR) is currently 183.74%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQIX. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. Scotiabank lowered their price objective on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 26th. Bank of America dropped their target price 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. Finally, Guggenheim began coverage on Equinix in a research note on Thursday, July 10th. They issued a “buy” rating and a $933.00 price target for the company. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $960.14.

Insider Transactions at Equinix

In other 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 $4,918,139.58. The trade was a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company’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 sale, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

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.