First Eagle Investment Management LLC Cuts Stock Holdings in Equinix, Inc. $EQIX

First Eagle Investment Management LLC lessened its holdings in Equinix, Inc. (NASDAQ:EQIX) by 61.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 86 shares of the financial services provider’s stock after selling 136 shares during the period. First Eagle Investment Management LLC’s holdings in Equinix were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Activest Wealth Management lifted its holdings in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after buying an additional 17 shares during the period. Westside Investment Management Inc. raised its position in shares of Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix in the 2nd quarter worth $26,000. Bank of Jackson Hole Trust lifted its stake in shares of Equinix by 70.0% during 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, Atticus Wealth Management LLC bought a new stake in Equinix during the second quarter valued at about $29,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Up 0.7%

EQIX stock opened at $824.75 on Monday. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market cap of $80.98 billion, a P/E ratio of 75.53, a PEG ratio of 1.38 and a beta of 0.92. The company’s 50-day simple moving average is $800.57 and its 200-day simple moving average is $818.13.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.Equinix’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts forecast 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 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EQIX. Truist Financial boosted their target price on shares of Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Barclays raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Finally, Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $960.76.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares of the company’s stock, valued at $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 is available at this link. Also, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the transaction, the insider owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. This trade represents a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 579 shares of company stock worth $454,188. Company insiders own 0.27% of the company’s stock.

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.