Johnson Investment Counsel Inc. Purchases 71 Shares of Equinix, Inc. $EQIX

Johnson Investment Counsel Inc. grew its position in Equinix, Inc. (NASDAQ:EQIX) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 3,035 shares of the financial services provider’s stock after acquiring an additional 71 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Equinix were worth $2,414,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EQIX. Activest Wealth Management boosted its holdings 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 buying an additional 17 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in shares of Equinix in the 2nd quarter valued at approximately $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix in the 1st quarter valued at approximately $30,000. Saudi Central Bank purchased a new position in shares of Equinix in the 1st quarter valued at approximately $31,000. Finally, Quarry LP purchased a new position in shares of Equinix in the 1st quarter valued at approximately $31,000. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Guggenheim assumed coverage on shares of Equinix in a research report on Thursday, July 10th. They issued a “buy” rating and a $933.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. The Goldman Sachs Group decreased their price objective on shares of Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research report on Wednesday, July 2nd. Finally, Truist Financial increased their price objective on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $960.65.

Insider Buying and Selling

In other news, 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, 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 owned by company insiders.

Equinix Stock Performance

EQIX opened at $806.29 on Tuesday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $78.90 billion, a PE ratio of 78.97, a P/E/G ratio of 1.38 and a beta of 0.92. The firm has a 50 day moving average of $783.35 and a two-hundred day moving average of $812.60.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s dividend payout ratio (DPR) is presently 183.74%.

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.