Alpine Woods Capital Investors LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,233 shares of the financial services provider’s stock after buying an additional 1,648 shares during the period. Equinix comprises 1.9% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 10th largest holding. Alpine Woods Capital Investors LLC’s holdings in Equinix were worth $8,140,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Activest Wealth Management increased its position in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix in the 1st quarter valued at approximately $30,000. Atticus Wealth Management LLC purchased a new stake in shares of Equinix in the 2nd quarter valued at approximately $29,000. Saudi Central Bank purchased a new stake in shares of Equinix in the 1st quarter valued at approximately $31,000. Finally, Quarry LP purchased a new stake in shares of Equinix in the 1st quarter valued at approximately $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EQIX has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Stifel Nicolaus dropped their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Guggenheim started coverage on shares of Equinix in a research report on Thursday, July 10th. They issued a “buy” rating and a $933.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Four research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $960.65.
Equinix Trading Up 0.7%
Shares of Equinix stock opened at $806.29 on Tuesday. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $78.90 billion, a P/E ratio of 78.97, a PEG ratio of 1.38 and a beta of 0.92. The company’s fifty day moving average is $783.35 and its two-hundred day moving average is $812.60.
Equinix (NASDAQ:EQIX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm posted $9.22 EPS. Equinix’s revenue for the quarter 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. Analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.
Equinix Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. 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 (DPR) is presently 183.74%.
Insider Buying and Selling at Equinix
In other news, Director Christopher B. Paisley sold 75 shares of Equinix 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 sale, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated 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. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
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.
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