Vestmark Advisory Solutions Inc. Sells 927 Shares of Equinix, Inc. $EQIX

Vestmark Advisory Solutions Inc. lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 25.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,757 shares of the financial services provider’s stock after selling 927 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Equinix were worth $2,193,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Activest Wealth Management boosted its stake in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 17 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Equinix during the 2nd quarter valued at $26,000. Bank of Jackson Hole Trust lifted its holdings in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix in the 1st quarter worth $30,000. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $824.75 on Monday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The business’s 50 day moving average price is $800.57 and its 200 day moving average price is $818.13. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The firm has a market cap of $80.98 billion, a P/E ratio of 75.53, a P/E/G ratio of 1.38 and a beta of 0.92.

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

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EQIX shares. Morgan Stanley initiated coverage on Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a research note on Tuesday, July 22nd. Zacks Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $960.76.

Insider Buying and Selling 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 value of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares of the company’s stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the sale, the insider owned 8,277 shares in the company, valued at $6,956,570.19. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 579 shares of company stock valued at $454,188. 0.27% of the stock is owned by insiders.

Equinix 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.