NorthRock Partners LLC Boosts Holdings in Equinix, Inc. $EQIX

NorthRock Partners LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,226 shares of the financial services provider’s stock after buying an additional 22 shares during the quarter. NorthRock Partners LLC’s holdings in Equinix were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in Equinix by 121.4% during the first 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 period. Atticus Wealth Management LLC bought a new stake in shares of Equinix during the second quarter worth $29,000. GKV Capital Management Co. Inc. bought a new stake in shares of Equinix during the first quarter worth $30,000. Saudi Central Bank bought a new stake in shares of Equinix during the first quarter worth $31,000. Finally, Quarry LP bought a new stake in shares of Equinix during the first quarter worth $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the business’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 sale, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% 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, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was 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 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. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EQIX shares. Barclays lifted their target price on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. BMO Capital Markets downgraded Equinix from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. UBS Group decreased their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Wall Street Zen downgraded Equinix from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Scotiabank lowered their price objective on shares of 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. Five research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $960.65.

Equinix Stock Performance

Shares of Equinix stock opened at $817.42 on Wednesday. The company has a market capitalization of $80.00 billion, a PE ratio of 80.06, a P/E/G ratio of 1.39 and a beta of 0.92. 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 50-day simple moving average of $784.12 and a two-hundred day simple moving average of $812.63. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS 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%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal 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 issued a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s payout ratio is currently 183.74%.

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.