Guggenheim Capital LLC Sells 2,847 Shares of Equinix, Inc. $EQIX

Guggenheim Capital LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,134 shares of the financial services provider’s stock after selling 2,847 shares during the period. Guggenheim Capital LLC’s holdings in Equinix were worth $16,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Equinix by 33.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 457 shares of the financial services provider’s stock valued at $363,000 after buying an additional 115 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Equinix by 27.0% in the second quarter. 1832 Asset Management L.P. now owns 62,236 shares of the financial services provider’s stock valued at $49,507,000 after acquiring an additional 13,226 shares during the period. CW Advisors LLC grew its stake in Equinix by 0.8% in the second quarter. CW Advisors LLC now owns 3,830 shares of the financial services provider’s stock valued at $3,047,000 after acquiring an additional 32 shares during the period. PharVision Advisers LLC bought a new stake in shares of Equinix during the second quarter valued at approximately $437,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Equinix during the second quarter worth approximately $48,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. TD Cowen lifted their price objective on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $961.33.

Insider Activity

In other news, Chairman Charles J. Meyers sold 5,087 shares of the stock in a transaction 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 completion of the transaction, the chairman owned 10,426 shares in the company, valued at approximately $8,116,328.22. This represents a 32.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Lin sold 124 shares of Equinix stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the sale, the insider directly owned 8,299 shares of the company’s stock, valued at approximately $6,068,062.82. This trade represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,108 shares of company stock worth $6,929,276. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $726.09 on Friday. The company has a market capitalization of $71.29 billion, a P/E ratio of 66.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. The company’s 50-day moving average is $794.01 and its 200 day moving average is $806.06. 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, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $989.84.

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

Equinix Announces Dividend

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 is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.6%. Equinix’s payout ratio is presently 171.79%.

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.