Equinix, Inc. $EQIX Shares Bought by PFG Advisors

PFG Advisors raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 29.1% during the second quarter, HoldingsChannel reports. The firm owned 2,646 shares of the financial services provider’s stock after purchasing an additional 596 shares during the quarter. PFG Advisors’ holdings in Equinix were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Equinix by 121.4% during 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. grew its stake in Equinix by 190.9% during 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 purchased a new stake in Equinix during the 2nd quarter valued at about $26,000. Bank of Jackson Hole Trust increased its holdings in shares of Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Finally, Atticus Wealth Management LLC purchased a new position in shares of Equinix in the second quarter worth about $29,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EQIX. Truist Financial upped their target price on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets set a $900.00 price objective on shares of Equinix and gave the company a “market perform” rating in a research note on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Tuesday, July 22nd. Cfra Research downgraded shares of Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $960.76.

Equinix Price Performance

NASDAQ:EQIX opened at $824.75 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50 day moving average price of $800.57 and a 200-day moving average price of $818.13. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm has a market cap of $80.98 billion, a price-to-earnings ratio of 75.53, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating 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 analyst estimates of $2.33 billion. During the same quarter last year, the business earned $9.05 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend 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 other news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the sale, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 579 shares of company stock valued at $454,188. 0.27% of the stock is 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.