Virtue Capital Management LLC Acquires New Position in Equinix, Inc. $EQIX

Virtue Capital Management LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, HoldingsChannel reports. The fund purchased 278 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently bought and sold shares of EQIX. Activest Wealth Management lifted its holdings in 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 purchasing an additional 17 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Equinix by 190.9% during the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 21 shares during the period. Atlantic Union Bankshares Corp bought a new position in Equinix in the 2nd quarter valued at $26,000. Bank of Jackson Hole Trust increased its holdings in shares of Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Equinix in the second quarter worth $28,000. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

Shares of Equinix stock opened at $753.74 on Friday. The company’s fifty day simple moving average is $799.11 and its two-hundred day simple moving average is $809.48. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $991.93. The firm has a market cap of $74.01 billion, a PE ratio of 69.02, a price-to-earnings-growth 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 (NASDAQ:EQIX) last posted 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. The company 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%.Equinix’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts expect 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. Investors 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 dividend on an annualized basis and a yield of 2.5%. Equinix’s dividend payout ratio (DPR) is presently 171.79%.

Insider Activity at Equinix

In other Equinix news, 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 approximately $4,918,139.58. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 50 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the sale, the director directly owned 17,782 shares of the company’s stock, valued at approximately $13,826,927.56. This represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,641 shares of company stock valued at $4,394,531 in the last 90 days. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQIX. Morgan Stanley began coverage on Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target for the company. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Finally, Barclays raised their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $961.33.

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.