Insider Selling: Equinix (NASDAQ:EQIX) Director Sells $38,879.00 in Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher Paisley sold 50 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the sale, the director owned 17,782 shares of the company’s stock, valued at approximately $13,826,927.56. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Equinix Stock Up 0.3%

Shares of EQIX traded up $2.29 during midday trading on Tuesday, hitting $779.17. 397,398 shares of the company’s stock traded hands, compared to its average volume of 583,167. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm’s fifty day moving average is $804.26 and its 200-day moving average is $816.28. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $76.50 billion, a price-to-earnings ratio of 71.35, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business earned $9.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s payout ratio is presently 171.79%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. TD Cowen boosted their price objective on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Morgan Stanley initiated coverage on Equinix in a research note on Thursday, October 16th. They issued an “overweight” rating and a $950.00 target price for the company. Five research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $961.33.

Institutional Trading of Equinix

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Equinix by 1.2% during the third quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider’s stock worth $10,410,575,000 after purchasing an additional 162,638 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Equinix by 298,148.6% in the second 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. State Street Corp grew its position in Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after purchasing an additional 220,981 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after buying an additional 588,967 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Equinix by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock valued at $1,542,595,000 after buying an additional 56,592 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.