Mesirow Financial Investment Management Inc. Trims Stock Position in Equinix, Inc. $EQIX

Mesirow Financial Investment Management Inc. cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 71.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265 shares of the financial services provider’s stock after selling 663 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Equinix were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EQIX. Activest Wealth Management grew its position in shares of Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 17 shares during the period. Bank of Jackson Hole Trust grew its position in shares of Equinix by 70.0% during the 2nd 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. Atticus Wealth Management LLC acquired a new stake in shares of Equinix during the 2nd quarter valued at about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix during the 1st quarter valued at about $30,000. Finally, Saudi Central Bank acquired a new stake in shares of Equinix during the 1st quarter valued at about $31,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Daiwa Capital Markets set a $917.00 target price on Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. lifted their price objective on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday. Cowen reiterated a “buy” rating on shares of Equinix in a report on Thursday. Finally, UBS Group lowered their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $960.76.

Insider Activity at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the business’s 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 transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.5%

EQIX stock opened at $846.01 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The stock has a market cap of $83.07 billion, a price-to-earnings ratio of 77.47, a PEG ratio of 1.38 and a beta of 0.92. The business’s 50-day moving average is $796.54 and its 200 day moving average is $816.90.

Equinix (NASDAQ:EQIX) last issued 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. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, sell-side analysts anticipate that Equinix, Inc. will post 33.1 EPS 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 issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, November 19th. Equinix’s payout ratio is currently 171.79%.

Equinix Company 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.