Mediolanum International Funds Ltd Sells 2,978 Shares of Equinix, Inc. $EQIX

Mediolanum International Funds Ltd decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 36.1% during the second quarter, Holdings Channel reports. The institutional investor owned 5,274 shares of the financial services provider’s stock after selling 2,978 shares during the period. Mediolanum International Funds Ltd’s holdings in Equinix were worth $4,141,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EQIX. AE Wealth Management LLC raised its holdings in Equinix by 5.1% during the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 12 shares during the period. Gitterman Wealth Management LLC grew its position in shares of Equinix by 5.0% during the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 12 shares in the last quarter. Quent Capital LLC raised its stake in Equinix by 4.8% during the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 13 shares during the period. Whittier Trust Co. lifted its holdings in Equinix by 1.3% in the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 13 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Equinix by 10.9% in the 2nd quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of several recent analyst reports. 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 report on Thursday, October 30th. Citigroup restated a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lifted 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. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $961.33.

Equinix Trading Up 0.2%

NASDAQ:EQIX opened at $754.68 on Friday. The firm has a 50 day moving average of $802.37 and a 200 day moving average of $813.49. The stock has a market capitalization of $74.10 billion, a price-to-earnings ratio of 69.11, a PEG 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. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX) last issued its earnings results 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 firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the company posted $9.05 earnings per share. The firm’s 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. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced 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 2.5%. Equinix’s dividend payout ratio is presently 171.79%.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents 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 50 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the sale, the director owned 17,782 shares in the company, valued at approximately $13,826,927.56. This represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,641 shares of company stock valued at $4,394,531 in the last three months. 0.27% of the stock is currently 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.