Prudential PLC Raises Stock Position in Equinix, Inc. $EQIX

Prudential PLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,906 shares of the financial services provider’s stock after purchasing an additional 802 shares during the quarter. Prudential PLC’s holdings in Equinix were worth $22,994,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Activest Wealth Management raised its position in shares of Equinix by 121.4% during the 1st 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 period. Westside Investment Management Inc. increased its stake in Equinix by 190.9% during 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 last quarter. Atlantic Union Bankshares Corp purchased a new stake in Equinix in the second quarter valued at $26,000. Bank of Jackson Hole Trust raised its position in 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, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Equinix in the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the transaction, the insider 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares in the company, 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 three months, insiders have sold 5,641 shares of company stock worth $4,394,531. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Zacks Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. TD Cowen lifted their price target on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Cfra Research lowered shares of Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix currently has a consensus rating of “Buy” and a consensus price target of $961.33.

Equinix Stock Performance

NASDAQ EQIX opened at $765.08 on Thursday. 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 market cap of $75.12 billion, a P/E ratio of 70.06, a P/E/G ratio of 1.38 and a beta of 0.92. The stock has a 50-day moving average of $803.94 and a two-hundred day moving average of $815.25. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results 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 business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned $9.05 earnings per share. The business’s quarterly 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. As a group, analysts anticipate 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. Shareholders of record on Wednesday, November 19th will be given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

About Equinix

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.