Argonautica Private Wealth Management Inc. Has $751,000 Position in Equinix, Inc. $EQIX

Argonautica Private Wealth Management Inc. lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 1.5% in the second quarter, HoldingsChannel.com reports. The fund owned 944 shares of the financial services provider’s stock after selling 14 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Equinix were worth $751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its stake in shares of Equinix by 40.0% during the 1st 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 during the last quarter. Signaturefd LLC lifted its stake in shares of Equinix by 0.8% during the 1st 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 during the last quarter. AE Wealth Management LLC lifted its stake in shares of Equinix by 5.1% during the 1st 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 during the last quarter. Gitterman Wealth Management LLC lifted its stake in shares of Equinix by 5.0% during the 1st 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 during the last quarter. Finally, Sava Infond d.o.o. lifted its stake in shares of Equinix by 2.0% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX opened at $822.00 on Wednesday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The firm has a market cap of $80.44 billion, a price-to-earnings ratio of 80.51, a P/E/G ratio of 1.43 and a beta of 0.92. The firm’s 50-day simple moving average is $788.19 and its 200 day simple moving average is $813.08. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm earned $9.22 earnings per share. Equinix’s revenue for the quarter was up 4.5% compared to the same quarter last year. 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 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued 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 (DPR) is currently 183.74%.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction 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 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 owned by company insiders.

Analysts Set New Price Targets

EQIX has been the subject of a number of research reports. JMP Securities restated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. The Goldman Sachs Group cut their target price on shares of Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Wells Fargo & Company cut their target price on shares of Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. Scotiabank cut their target price on shares of Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 26th. Finally, Bank of America lowered their price target on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of “Buy” and an average price target of $960.14.

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.