Equinix, Inc. $EQIX Shares Bought by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 152.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 497 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Equinix were worth $395,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted 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 buying an additional 17 shares during the last quarter. Westside Investment Management Inc. lifted its position in Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Equinix during the 2nd quarter valued at about $26,000. Bank of Jackson Hole Trust grew its position in Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Equinix in the 1st quarter worth about $30,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Price Performance

Shares of Equinix stock opened at $824.75 on Friday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market cap of $80.98 billion, a PE ratio of 75.53, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company’s 50-day moving average price is $800.57 and its two-hundred day moving average price is $818.07.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the company posted $9.05 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company’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 completion of the sale, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of Equinix 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 directly owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 579 shares of company stock valued at $454,188 over the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EQIX. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Truist Financial upped their price objective on shares of Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix has an average rating of “Buy” and a consensus target price of $960.76.

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.