Bank Hapoalim BM Purchases Shares of 1,386 Equinix, Inc. $EQIX

Bank Hapoalim BM acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,386 shares of the financial services provider’s stock, valued at approximately $1,086,000.

Other large investors have also bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix in the second quarter valued at about $26,000. Bank of Jackson Hole Trust lifted its position in 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 buying an additional 14 shares in the last quarter. Abound Wealth Management grew its holdings in Equinix by 209.1% during the 3rd 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 stake in Equinix in the 2nd quarter valued at about $28,000. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EQIX shares. Deutsche Bank Aktiengesellschaft set a $915.00 target price on shares of Equinix in a research report on Tuesday, January 6th. The Goldman Sachs Group lowered Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price objective on the stock. in a research report on Thursday, December 18th. Truist Financial lifted their target price on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Scotiabank lowered their price objective on Equinix from $965.00 to $959.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Equinix in a report on Thursday, December 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $959.64.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 290 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total value of $212,045.10. Following the transaction, the insider owned 2,433 shares in the company, valued at approximately $1,778,985.27. This represents a 10.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 5,087 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman owned 10,426 shares of the company’s stock, valued at $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,704 shares of company stock valued at $6,617,748. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.0%

Shares of EQIX stock opened at $801.78 on Friday. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $953.41. The stock has a market cap of $78.73 billion, a price-to-earnings ratio of 73.42, a PEG ratio of 1.25 and a beta of 1.05. The firm’s 50-day moving average is $766.21 and its 200-day moving average is $782.55. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62.

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

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued 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 yield of 2.3%. Equinix’s dividend payout ratio (DPR) is currently 171.79%.

About Equinix

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.