ProShare Advisors LLC Has $16.05 Million Holdings in Equinix, Inc. $EQIX

ProShare Advisors LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,176 shares of the financial services provider’s stock after buying an additional 718 shares during the period. ProShare Advisors LLC’s holdings in Equinix were worth $16,049,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EQIX. Activest Wealth Management lifted its holdings 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 worth $25,000 after acquiring an additional 17 shares during the period. Westside Investment Management Inc. raised its position in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Equinix during the second quarter worth $26,000. Bank of Jackson Hole Trust boosted its holdings in shares of Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Finally, Atticus Wealth Management LLC acquired a new stake in shares of Equinix in the 2nd quarter valued at $29,000. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the sale, the insider owned 8,277 shares of the company’s stock, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 579 shares of company stock worth $454,188. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $821.04 on Wednesday. The firm has a market capitalization of $80.61 billion, a price-to-earnings ratio of 75.19, a PEG ratio of 1.38 and a beta of 0.92. 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 business’s 50-day moving average price is $802.40 and its 200-day moving average price is $818.09. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) 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 the consensus estimate of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts forecast that Equinix, Inc. will post 33.1 EPS 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 of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EQIX shares. 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. Citigroup reissued a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Truist Financial lifted their price target on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Barclays upped their price objective on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Five investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $960.76.

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.