Eastern Bank Sells 246 Shares of Equinix, Inc. $EQIX

Eastern Bank lessened its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,874 shares of the financial services provider’s stock after selling 246 shares during the quarter. Eastern Bank’s holdings in Equinix were worth $17,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Aberdeen Group plc grew its stake in Equinix by 0.8% in the 2nd quarter. Aberdeen Group plc now owns 236,669 shares of the financial services provider’s stock valued at $185,623,000 after purchasing an additional 1,892 shares during the period. First Fiduciary Investment Counsel Inc. grew its stake in Equinix by 54.7% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 16,635 shares of the financial services provider’s stock valued at $13,233,000 after purchasing an additional 5,881 shares during the period. PDS Planning Inc grew its stake in Equinix by 6.4% in the 2nd quarter. PDS Planning Inc now owns 619 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 37 shares during the period. Blue Trust Inc. grew its stake in Equinix by 5.0% in the 2nd quarter. Blue Trust Inc. now owns 965 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 46 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Equinix by 47.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 4,774 shares of the financial services provider’s stock valued at $3,798,000 after purchasing an additional 1,541 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Wednesday. Truist Financial upped their price objective on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Finally, Guggenheim assumed coverage on Equinix in a research note on Thursday, July 10th. They set a “buy” rating and a $933.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average target price of $960.65.

Equinix Stock Down 1.0%

EQIX stock opened at $800.60 on Friday. 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 has a market capitalization of $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.40 and a beta of 0.92. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a fifty day moving average of $782.79 and a 200-day moving average of $812.79.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend 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 is 183.74%.

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.