Aberdeen Group plc boosted its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 0.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 236,669 shares of the financial services provider’s stock after buying an additional 1,892 shares during the period. Aberdeen Group plc owned approximately 0.24% of Equinix worth $185,623,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Planning Group LLC grew its stake in Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock valued at $34,000 after buying an additional 12 shares during the last quarter. Signaturefd LLC grew its stake in Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 12 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 12 shares in the last quarter. Gitterman Wealth Management LLC grew its position in shares of Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. grew its position in shares of Equinix by 0.7% during the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider’s stock worth $1,444,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
Insider Buying and Selling
In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
Equinix Stock Performance
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is currently 183.74%.
Analyst Ratings Changes
EQIX has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Equinix from a “hold” rating to a “sell” rating in a research report on Saturday. Guggenheim initiated coverage on shares of Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a research report on Wednesday, July 2nd. Bank of America decreased their target price on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Finally, Barclays increased their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $960.65.
Read Our Latest Analysis on EQIX
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.
Featured Articles
- Five stocks we like better than Equinix
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- High Dividend REITs: Are They an Ideal Way to Diversify?
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX – Free Report).
Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.