Chicago Partners Investment Group LLC Has $283,000 Position in Equinix, Inc. $EQIX

Chicago Partners Investment Group LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 34.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 355 shares of the financial services provider’s stock after purchasing an additional 90 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Equinix were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Wendell David Associates Inc. increased its position in Equinix by 1.0% in the 2nd quarter. Wendell David Associates Inc. now owns 4,376 shares of the financial services provider’s stock worth $3,481,000 after buying an additional 44 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Equinix in the 2nd quarter worth approximately $41,049,000. CapWealth Advisors LLC increased its position in Equinix by 1.1% in the 2nd quarter. CapWealth Advisors LLC now owns 24,410 shares of the financial services provider’s stock worth $19,417,000 after buying an additional 261 shares during the period. Quotient Wealth Partners LLC increased its position in Equinix by 23.6% in the 2nd quarter. Quotient Wealth Partners LLC now owns 325 shares of the financial services provider’s stock worth $259,000 after buying an additional 62 shares during the period. Finally, Spirit of America Management Corp NY increased its position in Equinix by 0.7% in the 2nd quarter. Spirit of America Management Corp NY now owns 7,710 shares of the financial services provider’s stock worth $6,133,000 after buying an additional 50 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $839.49 on Friday. The business’s fifty day moving average price is $791.39 and its two-hundred day moving average price is $814.46. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a market capitalization of $82.15 billion, a price-to-earnings ratio of 82.22, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.26 billion. During the same period in the prior year, the business posted $9.22 earnings per share. The business’s revenue 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, 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 yield of 2.2%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio is 183.74%.

Analysts Set New Price Targets

EQIX has been the topic of several recent analyst reports. UBS Group dropped their price target 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. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. JMP Securities restated a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Finally, Guggenheim initiated coverage on Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective on the stock. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $957.38.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of the company’s 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 sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction 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 represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.