W.H. Cornerstone Investments Inc. Invests $817,000 in Equinix, Inc. $EQIX

W.H. Cornerstone Investments Inc. acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,027 shares of the financial services provider’s stock, valued at approximately $817,000.

A number of other institutional investors also recently bought and sold shares of EQIX. Valeo Financial Advisors LLC lifted its holdings in shares of 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 valued at $6,488,728,000 after buying an additional 8,154,365 shares during the period. Nuveen LLC acquired a new position in Equinix in the 1st quarter worth about $662,663,000. JPMorgan Chase & Co. increased its position in shares of Equinix by 22.5% in 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 in the last quarter. National Bank of Canada FI lifted its holdings in Equinix by 169.7% during the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after purchasing an additional 248,075 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Equinix by 1.9% in 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 purchasing an additional 242,121 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQIX. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen lifted their price target on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Five investment 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 stock. According to MarketBeat.com, Equinix presently has an average rating of “Buy” and an average price target of $960.76.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $12.12 during trading on Thursday, hitting $801.12. 63,135 shares of the company were exchanged, compared to its average volume of 582,956. The firm’s fifty day moving average price is $803.42 and its 200 day moving average price is $818.06. 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 company has a market cap of $78.66 billion, a price-to-earnings ratio of 73.41, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company 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 fiscal year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% 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, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated 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 sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. 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. Corporate insiders own 0.27% of the company’s stock.

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.