Equinix, Inc. $EQIX Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its holdings in Equinix, Inc. (NASDAQ:EQIX) by 41.8% in the second quarter, HoldingsChannel.com reports. The firm owned 1,816 shares of the financial services provider’s stock after selling 1,303 shares during the period. TIAA Trust National Association’s holdings in Equinix were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares during the period. Bank of Jackson Hole Trust boosted its holdings 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 acquiring an additional 14 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix during the first quarter valued at $30,000. Atticus Wealth Management LLC acquired a new position in shares of Equinix during the second quarter valued at $29,000. Finally, Saudi Central Bank acquired a new position in shares of Equinix during the first quarter valued at $31,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $829.91 on Wednesday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The firm’s 50-day simple moving average is $798.51 and its 200 day simple moving average is $817.48. 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 stock has a market cap of $81.49 billion, a P/E ratio of 76.00, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 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 firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the business earned $9.05 earnings per share. Equinix’s revenue for the quarter 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 expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Analyst Ratings Changes

EQIX has been the subject of several analyst reports. Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. JMP Securities reissued a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. BMO Capital Markets set a $900.00 price target on shares of Equinix and gave the company a “market perform” rating in a report on Thursday, October 30th. Finally, TD Cowen lifted their price objective on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $960.76.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction dated 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 directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s 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 completion of the sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 579 shares of company stock worth $454,188. 0.27% of the stock is owned by corporate insiders.

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.