Warwick Investment Management Inc. Boosts Holdings in Equinix, Inc. $EQIX

Warwick Investment Management Inc. lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 252.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 907 shares of the financial services provider’s stock after purchasing an additional 650 shares during the period. Warwick Investment Management Inc.’s holdings in Equinix were worth $710,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Equinix during the second quarter valued at about $26,000. Bank of Jackson Hole Trust increased its position in shares of Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Abound Wealth Management increased its position in shares of Equinix by 209.1% during the third quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Equinix in the second quarter worth about $28,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. 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. The Goldman Sachs Group lowered Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target on the stock. in a research report on Thursday, December 18th. Finally, Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a report on Saturday. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $952.05.

Equinix Stock Up 2.4%

Shares of Equinix stock opened at $800.35 on Friday. The stock has a market capitalization of $78.58 billion, a price-to-earnings ratio of 73.29, a PEG ratio of 1.25 and a beta of 1.05. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $953.41. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The business’s 50 day simple moving average is $769.03 and its 200-day simple moving average is $782.26.

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 analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm posted $9.05 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, November 19th. Equinix’s dividend payout ratio (DPR) is 171.79%.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 290 shares of Equinix stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total transaction of $212,045.10. Following the sale, the insider owned 2,433 shares of the company’s stock, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Raouf Abdel sold 159 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total value of $116,259.21. Following the transaction, the executive vice president owned 6,584 shares of the company’s stock, valued at approximately $4,814,154.96. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,704 shares of company stock worth $6,617,748 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.