Argonautica Private Wealth Management Inc. Sells 14 Shares of Equinix, Inc. $EQIX

Argonautica Private Wealth Management Inc. decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 944 shares of the financial services provider’s stock after selling 14 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Equinix were worth $751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EQIX. Cornerstone Planning Group LLC lifted its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock valued at $34,000 after buying an additional 12 shares in the last quarter. Signaturefd LLC increased its position in shares of Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock worth $1,182,000 after acquiring an additional 12 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Equinix by 5.1% during the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 12 shares in the last quarter. Gitterman Wealth Management LLC increased its position in shares of Equinix by 5.0% during the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 12 shares in the last quarter. Finally, Sava Infond d.o.o. increased its position in shares of Equinix by 2.0% during the first quarter. Sava Infond d.o.o. now owns 678 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. BMO Capital Markets downgraded shares of Equinix from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Stifel Nicolaus lowered 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $960.14.

Equinix Stock Down 0.4%

Equinix stock opened at $822.00 on Wednesday. The company has a market cap of $80.44 billion, a P/E ratio of 80.51, a price-to-earnings-growth ratio of 1.43 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 company has a fifty day simple moving average of $788.19 and a 200 day simple moving average of $813.08. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating 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 for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $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 anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared 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 was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is currently 183.74%.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This represents 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.