Equinix, Inc. $EQIX Stake Reduced by OFI Invest Asset Management

OFI Invest Asset Management reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 31.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,566 shares of the financial services provider’s stock after selling 2,059 shares during the period. OFI Invest Asset Management’s holdings in Equinix were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in EQIX. Activest Wealth Management grew its stake in Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after buying an additional 17 shares during the last quarter. Atticus Wealth Management LLC bought a new position in Equinix during the 2nd quarter worth $29,000. GKV Capital Management Co. Inc. bought a new position in Equinix during the 1st quarter worth $30,000. Saudi Central Bank bought a new position in Equinix during the 1st quarter worth $31,000. Finally, Quarry LP bought a new position in Equinix during the 1st quarter worth $31,000. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EQIX. Truist Financial upped their price objective on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Wells Fargo & Company decreased their price target on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. BMO Capital Markets cut Equinix from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Scotiabank decreased their price target on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 26th. Finally, UBS Group decreased their price target on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $960.65.

Equinix Trading Down 1.0%

Shares of EQIX stock opened at $800.60 on Friday. The stock has a 50-day simple moving average of $782.79 and a 200 day simple moving average of $812.67. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a market capitalization of $78.35 billion, a P/E ratio of 78.41, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $9.22 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were paid a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is currently 183.74%.

Equinix 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.