Cornercap Investment Counsel Inc. Takes Position in Equinix, Inc. $EQIX

Cornercap Investment Counsel Inc. purchased a new position in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 404 shares of the financial services provider’s stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its position in Equinix by 298,148.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after buying an additional 8,154,365 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Equinix during the first quarter worth $662,663,000. JPMorgan Chase & Co. boosted its position in Equinix by 22.5% during the first 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. National Bank of Canada FI grew its stake in Equinix by 169.7% in the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after purchasing an additional 248,075 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake 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 worth $10,523,576,000 after purchasing an additional 242,121 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In related 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 owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the 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 sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 579 shares of company stock worth $454,188. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EQIX shares. Barclays lifted their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. TD Cowen boosted their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Morgan Stanley started coverage on shares of Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Five 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $960.76.

Equinix Trading Down 0.3%

Shares of EQIX stock opened at $819.33 on Friday. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a market cap of $80.45 billion, a PE ratio of 75.03, a price-to-earnings-growth 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. The business’s 50 day moving average is $799.80 and its two-hundred day moving average is $817.53.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm earned $9.05 EPS. 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. Equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s payout ratio is presently 171.79%.

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.