Bank of Jackson Hole Trust Grows Stock Position in Equinix, Inc. $EQIX

Bank of Jackson Hole Trust grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 70.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34 shares of the financial services provider’s stock after purchasing an additional 14 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Equinix were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after purchasing an additional 242,121 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Equinix by 22.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after purchasing an additional 291,753 shares during the last quarter. Northern Trust Corp increased its position in shares of Equinix by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after purchasing an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Equinix by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after purchasing an additional 25,290 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $797.73 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company’s fifty day moving average price is $794.13 and its 200-day moving average price is $815.88. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a market capitalization of $78.07 billion, a PE ratio of 78.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $9.05 EPS. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a $4.69 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s payout ratio is presently 183.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Morgan Stanley assumed coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective for the company. Guggenheim assumed coverage on Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective for the company. Finally, Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $957.38.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction 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 sale, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the 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 transaction, the executive vice president owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.