Rathbones Group PLC Increases Stock Holdings in Equinix, Inc. $EQIX

Rathbones Group PLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,779 shares of the financial services provider’s stock after acquiring an additional 1,303 shares during the quarter. Rathbones Group PLC’s holdings in Equinix were worth $167,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of 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 purchasing an additional 17 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 21 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Equinix during the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust increased its position in Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 14 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new position in Equinix during the first quarter worth approximately $30,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 100 shares of Equinix stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the sale, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 579 shares of company stock worth $454,188. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EQIX shares. Cfra Research lowered shares of Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Citigroup reissued a “market outperform” rating on shares of Equinix in a research report on Tuesday. Cowen reaffirmed a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Finally, TD Cowen increased their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Buy” and an average target price of $960.76.

Equinix Trading Up 0.7%

NASDAQ:EQIX opened at $824.75 on Friday. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. 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 stock has a fifty day moving average price of $800.57 and a two-hundred day moving average price of $818.07. The stock has a market capitalization of $80.98 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. 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 171.79%.

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.