Davis R M Inc. Trims Holdings in Equinix, Inc. $EQIX

Davis R M Inc. lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,513 shares of the financial services provider’s stock after selling 1,581 shares during the period. Davis R M Inc.’s holdings in Equinix were worth $25,863,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Equinix by 10.0% in the 1st quarter. Brown Advisory Inc. now owns 1,045 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 95 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in shares of Equinix by 19.1% in the 1st quarter. Leavell Investment Management Inc. now owns 262 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 42 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Equinix by 4.3% during the 1st quarter. Alps Advisors Inc. now owns 1,315 shares of the financial services provider’s stock valued at $1,072,000 after acquiring an additional 54 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Equinix by 18.5% during the first quarter. Cerity Partners LLC now owns 13,979 shares of the financial services provider’s stock worth $11,397,000 after purchasing an additional 2,179 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on EQIX shares. Barclays boosted their target price on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. Finally, Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $960.76.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $824.75 on Monday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a market cap of $80.98 billion, a PE ratio of 75.53, a P/E/G ratio of 1.38 and a beta of 0.92. The stock has a 50 day simple moving average of $800.57 and a 200-day simple moving average of $818.13. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the previous year, the business earned $9.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. 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 currently 171.79%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 100 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the transaction, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 579 shares of company stock valued at $454,188 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

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.