Equinix, Inc. $EQIX Shares Purchased by Rathbones Group PLC

Rathbones Group PLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,779 shares of the financial services provider’s stock after purchasing an additional 1,303 shares during the period. Rathbones Group PLC owned approximately 0.22% of Equinix worth $167,668,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its holdings in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 17 shares during the last quarter. Westside Investment Management Inc. increased its stake in Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Equinix in the second quarter valued at $26,000. Bank of Jackson Hole Trust lifted its stake in shares of Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of Equinix during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.7%

Shares of EQIX stock opened at $824.75 on Friday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a 50 day moving average price of $800.57 and a 200 day moving average price of $818.07. The stock has a market capitalization of $80.98 billion, a P/E ratio of 75.53, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider directly owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 579 shares of company stock valued at $454,188 in the last three months. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent analyst reports. Zacks Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. BMO Capital Markets set a $900.00 price objective on shares of Equinix and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Cfra Research downgraded shares of Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Morgan Stanley initiated coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target on the stock. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $960.76.

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.