CapWealth Advisors LLC Has $17.68 Million Stock Position in Equinix, Inc. $EQIX

CapWealth Advisors LLC cut its stake in Equinix, Inc. (NASDAQ:EQIX) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,567 shares of the financial services provider’s stock after selling 1,843 shares during the period. Equinix accounts for 1.6% of CapWealth Advisors LLC’s investment portfolio, making the stock its 29th largest holding. CapWealth Advisors LLC’s holdings in Equinix were worth $17,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

EQIX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group downgraded shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price objective for the company. in a research report on Thursday, December 18th. Finally, Citigroup reiterated a “buy” rating on shares of Equinix in a research note on Thursday, December 11th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $953.90.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 159 shares of the business’s stock in a transaction 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. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Pletcher sold 290 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total transaction of $212,045.10. Following the completion of the transaction, the insider directly owned 2,433 shares in the company, valued at $1,778,985.27. This trade represents a 10.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,704 shares of company stock valued at $6,617,748 in the last ninety days. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Down 0.5%

NASDAQ:EQIX opened at $766.16 on Friday. The company has a market cap of $75.23 billion, a PE ratio of 70.16, a PEG ratio of 1.56 and a beta of 1.05. Equinix, Inc. has a one year low of $701.41 and a one year high of $964.73. The firm has a 50-day moving average of $774.88 and a 200-day moving average of $787.55. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62.

Equinix (NASDAQ:EQIX) last announced its 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 7.70% and a net margin of 11.82%.The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the firm earned $9.05 earnings per share. Equinix’s quarterly revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, equities research analysts expect 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 was paid on Wednesday, December 17th. Shareholders 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 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

Equinix 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.