Fox Run Management L.L.C. Makes New Investment in Equinix, Inc. $EQIX

Fox Run Management L.L.C. purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,892 shares of the financial services provider’s stock, valued at approximately $1,505,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its position in 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 acquiring an additional 17 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of 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 purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix during the second quarter valued at $26,000. Bank of Jackson Hole Trust boosted its position in shares of Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in Equinix in the 1st quarter worth about $30,000. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $824.75 on Friday. The stock has a market cap of $80.98 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company’s 50 day moving average is $800.57 and its two-hundred day moving average is $817.88. 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 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 net margin of 11.82% and a return on equity of 7.74%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the firm earned $9.05 EPS. The company’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. As a group, research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on EQIX shares. UBS Group lowered their price objective on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Barclays upped their price objective on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a report on Saturday. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $960.76.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the 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 completion of the transaction, the insider owned 8,277 shares of the company’s stock, valued at $6,956,570.19. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. This represents a 0.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 579 shares of company stock worth $454,188. 0.27% of the stock is owned by insiders.

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.