Equinix, Inc. $EQIX Shares Acquired by WASHINGTON TRUST Co

WASHINGTON TRUST Co grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.5% in the second quarter, Holdings Channel reports. The fund owned 21,343 shares of the financial services provider’s stock after purchasing an additional 106 shares during the period. WASHINGTON TRUST Co’s holdings in Equinix were worth $16,977,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of Equinix by 121.4% in the 1st 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 period. Westside Investment Management Inc. lifted its stake in Equinix by 190.9% in the second 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 during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Equinix during the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust raised its stake in Equinix by 70.0% during the 2nd 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 during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 1.0%

EQIX traded down $8.12 during trading on Thursday, reaching $805.12. The company had a trading volume of 28,960 shares, compared to its average volume of 582,922. The stock has a market cap of $79.05 billion, a P/E ratio of 73.51, a PEG ratio of 1.38 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The business has a 50 day simple moving average of $803.42 and a 200-day simple moving average of $818.06.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data 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 return on equity of 7.74% and a net margin of 11.82%.The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the company earned $9.05 earnings per share. Equinix’s quarterly 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. On average, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be given a $4.69 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s payout ratio is 171.79%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays lifted their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Morgan Stanley initiated coverage on shares of Equinix in a research report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price objective on the stock. Truist Financial lifted their price target on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Finally, BMO Capital Markets set a $900.00 price objective on shares of Equinix and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Five investment 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $960.76.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 100 shares of the business’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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the 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 directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 579 shares of company stock worth $454,188. Corporate insiders own 0.27% of the company’s stock.

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.