Prospera Financial Services Inc Acquires 180 Shares of Equinix, Inc. $EQIX

Prospera Financial Services Inc boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,632 shares of the financial services provider’s stock after purchasing an additional 180 shares during the quarter. Prospera Financial Services Inc’s holdings in Equinix were worth $5,277,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AGF Management Ltd. boosted its position in shares of Equinix by 34.6% during the second quarter. AGF Management Ltd. now owns 48,248 shares of the financial services provider’s stock worth $38,380,000 after acquiring an additional 12,415 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Equinix by 5.6% during the 2nd quarter. AE Wealth Management LLC now owns 262 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 14 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in shares of Equinix by 152.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 497 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 300 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Equinix during the second quarter valued at about $1,505,000. Finally, Metis Global Partners LLC increased its holdings in shares of Equinix by 11.0% in the second quarter. Metis Global Partners LLC now owns 31,412 shares of the financial services provider’s stock worth $24,987,000 after purchasing an additional 3,116 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on EQIX. Morgan Stanley assumed coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target for the company. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Daiwa Capital Markets set a $917.00 price target on shares of Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, TD Cowen lifted their price objective on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $960.76.

Insider Buying and Selling 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 stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 579 shares of company stock worth $454,188 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.7%

Shares of EQIX opened at $824.75 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $800.57 and a 200 day moving average of $818.07. The company has a market cap of $80.98 billion, a PE ratio of 75.53, a P/E/G ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03.

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, beating the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. 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. On average, sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is presently 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.