First National Trust Co Grows Stake in Equinix, Inc. $EQIX

First National Trust Co raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,373 shares of the financial services provider’s stock after purchasing an additional 42 shares during the period. First National Trust Co’s holdings in Equinix were worth $5,865,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Equinix in the 2nd quarter valued at $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix in the 1st quarter valued at $30,000. Saudi Central Bank purchased a new position in shares of Equinix in the 1st quarter valued at $31,000. Finally, Quarry LP purchased a new position in shares of Equinix during the first quarter worth about $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Equinix news, 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 transaction of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of the business’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 owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on EQIX shares. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. The Goldman Sachs Group dropped their price target on Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. Guggenheim began coverage on Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 price target on the stock. Cowen restated a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Finally, Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $957.38.

Equinix Stock Up 0.4%

Equinix stock opened at $842.77 on Tuesday. The stock’s 50 day moving average price is $792.85 and its 200 day moving average price is $815.42. The company has a market cap of $82.47 billion, a PE ratio of 82.54, a price-to-earnings-growth ratio of 1.45 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, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.2%. Equinix’s payout ratio is currently 183.74%.

Equinix Company 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.