W.H. Cornerstone Investments Inc. Invests $817,000 in Equinix, Inc. $EQIX

W.H. Cornerstone Investments Inc. purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, Holdings Channel reports. The firm purchased 1,027 shares of the financial services provider’s stock, valued at approximately $817,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Vanguard Group Inc. boosted its stake in shares of Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after buying an additional 242,121 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Equinix by 298,148.6% during the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after buying an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after acquiring an additional 291,753 shares during the last quarter. Northern Trust Corp increased its position in Equinix by 2.7% during the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock valued at $1,243,013,000 after acquiring an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock valued at $1,087,334,000 after acquiring an additional 25,290 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 1.5%

NASDAQ:EQIX traded down $12.12 during mid-day trading on Thursday, reaching $801.12. The company’s stock had a trading volume of 63,135 shares, compared to its average volume of 582,956. The stock has a market cap of $78.66 billion, a P/E ratio of 73.41, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company’s fifty day simple moving average is $803.42 and its two-hundred day simple moving average is $818.06.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results 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. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the company posted $9.05 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, equities analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EQIX. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Cfra Research cut shares of Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Truist Financial lifted their price target on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Equinix currently has an average rating of “Buy” and an average target price of $960.76.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the transaction, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 579 shares of company stock valued at $454,188. 0.27% of the stock is currently owned by corporate insiders.

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.