Drive Wealth Management LLC Raises Stake in Equinix, Inc. $EQIX

Drive Wealth Management LLC grew its position in Equinix, Inc. (NASDAQ:EQIX) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461 shares of the financial services provider’s stock after purchasing an additional 32 shares during the quarter. Drive Wealth Management LLC’s holdings in Equinix were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EQIX. Vanguard Group Inc. raised its holdings in Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock valued at $10,523,576,000 after acquiring an additional 242,121 shares during the period. Valeo Financial Advisors LLC boosted its stake in Equinix by 298,148.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the period. JPMorgan Chase & Co. raised its position in shares of Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after buying an additional 291,753 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Equinix by 2.7% in the first quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock worth $1,243,013,000 after buying an additional 40,734 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Equinix by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock worth $1,087,334,000 after acquiring an additional 25,290 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

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. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The business has a 50 day simple moving average of $787.50 and a 200-day simple moving average of $813.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

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. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the business earned $9.22 EPS. The company’s quarterly revenue 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. Equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

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

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company’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 transaction, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 currently owned by insiders.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a report on Wednesday, July 2nd. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. JMP Securities restated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Truist Financial lifted their price objective on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, UBS Group lowered 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. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $960.14.

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.