West Family Investments Inc. Purchases 113 Shares of Equinix, Inc. $EQIX

West Family Investments Inc. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 29.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499 shares of the financial services provider’s stock after buying an additional 113 shares during the quarter. West Family Investments Inc.’s holdings in Equinix were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Brighton Jones LLC lifted its holdings in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $202,000 after buying an additional 12 shares in the last quarter. LPL Financial LLC boosted its holdings in Equinix by 6.6% in the 1st quarter. LPL Financial LLC now owns 35,780 shares of the financial services provider’s stock worth $29,173,000 after buying an additional 2,226 shares during the period. GSA Capital Partners LLP purchased a new position in Equinix in the 1st quarter valued at approximately $550,000. Finally, Bayforest Capital Ltd purchased a new position in Equinix in the 1st quarter valued at approximately $166,000. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $753.74 on Friday. The stock has a market cap of $74.01 billion, a P/E ratio of 69.02, a PEG 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. The business’s 50-day moving average price is $799.11 and its two-hundred day moving average price is $809.48. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $991.93.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share 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 net margin of 11.82% and a return on equity of 7.74%. Equinix’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business 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 predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced 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 2.5%. Equinix’s dividend payout ratio is currently 171.79%.

Insider Buying and Selling at Equinix

In related news, Chairman Charles J. Meyers sold 5,087 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the completion of the sale, the chairman directly owned 10,426 shares in the company, valued at $8,116,328.22. This represents a 32.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,641 shares of company stock valued at $4,394,531. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EQIX. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. JPMorgan Chase & Co. increased their price objective on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $961.33.

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.