Divergent Planning LLC Invests $1.32 Million in Equinix, Inc. $EQIX

Divergent Planning LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,654 shares of the financial services provider’s stock, valued at approximately $1,316,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Equinix by 7.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,557 shares of the financial services provider’s stock valued at $3,715,000 after buying an additional 329 shares in the last quarter. Heartland Bank & Trust Co raised its position in shares of Equinix by 10.1% during the first quarter. Heartland Bank & Trust Co now owns 350 shares of the financial services provider’s stock valued at $285,000 after buying an additional 32 shares during the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Equinix by 0.9% in the first quarter. Kentucky Retirement Systems now owns 6,582 shares of the financial services provider’s stock worth $5,367,000 after buying an additional 57 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Equinix during the first quarter worth $2,286,000. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EQIX. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Scotiabank cut their price objective on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 26th. Bank of America decreased their target price on Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. UBS Group dropped 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. Finally, BMO Capital Markets downgraded Equinix from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix has a consensus rating of “Buy” and an average price target of $960.14.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business’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 completion of the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

NASDAQ:EQIX opened at $825.14 on Tuesday. The firm has a market capitalization of $80.75 billion, a price-to-earnings ratio of 80.82, a PEG ratio of 1.41 and a beta of 0.92. 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 business has a 50 day simple moving average of $787.50 and a 200-day simple moving average of $813.02. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX) last released its quarterly 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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm posted $9.22 EPS. Equinix’s quarterly revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were paid a $4.69 dividend. 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 presently 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.