Equinix, Inc. $EQIX Position Increased by Osaic Holdings Inc.

Osaic Holdings Inc. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 17.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,129 shares of the financial services provider’s stock after purchasing an additional 1,059 shares during the quarter. Osaic Holdings Inc.’s holdings in Equinix were worth $5,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Quent Capital LLC grew its stake in shares of Equinix by 4.8% in the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after buying an additional 13 shares in the last quarter. Whittier Trust Co. lifted its stake in Equinix by 1.3% in the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC grew its position in Equinix by 10.9% in the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 13 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in shares of Equinix by 70.0% during the 2nd 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 last quarter. Finally, AE Wealth Management LLC raised 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 in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Charles J. Meyers sold 5,087 shares of the business’s 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 transaction, the chairman directly owned 10,426 shares in the company, valued at $8,116,328.22. The trade was a 32.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adaire Fox-Martin sold 2,894 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total value of $2,115,774.46. Following the completion of the sale, the chief executive officer owned 12,366 shares of the company’s stock, valued at $9,040,658.94. This represents a 18.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,704 shares of company stock valued at $6,617,748. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EQIX shares. JPMorgan Chase & Co. upped their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Morgan Stanley began 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. BMO Capital Markets raised Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective on the stock in a report on Wednesday, December 3rd. TD Cowen boosted their target price on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $953.90.

Equinix Stock Down 0.1%

EQIX opened at $757.92 on Tuesday. The business has a 50 day moving average of $784.26 and a 200-day moving average of $793.76. The stock has a market capitalization of $74.42 billion, a price-to-earnings ratio of 69.41, a P/E/G ratio of 1.54 and a beta of 1.05. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $964.73.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was 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 171.79%.

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.