PDS Planning Inc Has $492,000 Holdings in Equinix, Inc. $EQIX

PDS Planning Inc raised its position in Equinix, Inc. (NASDAQ:EQIX) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 619 shares of the financial services provider’s stock after buying an additional 37 shares during the period. PDS Planning Inc’s holdings in Equinix were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Truist Financial Corp lifted its position in shares of Equinix by 8.2% during the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock worth $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. acquired a new position in shares of Equinix during the first quarter worth approximately $122,302,000. Nisa Investment Advisors LLC lifted its position in shares of Equinix by 71.7% during the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider’s stock worth $60,690,000 after purchasing an additional 31,073 shares in the last quarter. Gradient Investments LLC lifted its position in shares of Equinix by 19.4% during the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after purchasing an additional 4,015 shares in the last quarter. Finally, Partners Group Holding AG lifted its position in shares of Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock worth $42,225,000 after purchasing an additional 4,968 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the company’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 value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Down 1.0%

EQIX opened at $800.60 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $78.35 billion, a price-to-earnings ratio of 78.41, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The firm 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.

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

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EQIX shares. BMO Capital Markets lowered shares of Equinix from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. UBS Group reduced their target price on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Cfra Research downgraded shares of Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $960.65.

About Equinix

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.