Mufg Securities Americas Inc. grew its position in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 25.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,168 shares of the financial services provider’s stock after buying an additional 445 shares during the period. Mufg Securities Americas Inc.’s holdings in Equinix were worth $1,725,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC grew its position in shares of Equinix by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 67 shares during the period. Elliott Investment Management L.P. acquired a new stake in Equinix during the 1st quarter worth approximately $122,302,000. Gradient Investments LLC lifted its stake in Equinix by 19.4% in the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock valued at $19,635,000 after buying an additional 4,015 shares in the last quarter. Partners Group Holding AG lifted its stake in Equinix by 10.6% in the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after buying an additional 4,968 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of Equinix by 19.4% in the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock valued at $2,098,000 after buying an additional 418 shares during the period. Institutional investors own 94.94% of the company’s stock.
Insider Buying and Selling at Equinix
In related news, Director Christopher B. Paisley sold 50 shares of the firm’s stock in a transaction 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 transaction, the director owned 17,782 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were 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 represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,641 shares of company stock worth $4,394,531 over the last quarter. Company insiders own 0.27% of the company’s stock.
Equinix Stock Performance
Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm posted $9.05 earnings per share. The business’s revenue 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, equities analysts forecast 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. Investors of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is currently 171.79%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Citigroup restated a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. TD Cowen increased their target price on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Barclays upped their price objective on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Finally, Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $961.33.
Get Our Latest Research Report on EQIX
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.
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