Prudential PLC Grows Position in Equinix, Inc. $EQIX

Prudential PLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,906 shares of the financial services provider’s stock after purchasing an additional 802 shares during the quarter. Prudential PLC’s holdings in Equinix were worth $22,994,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Equinix by 14.9% during the 1st quarter. Private Advisor Group LLC now owns 3,700 shares of the financial services provider’s stock worth $3,017,000 after acquiring an additional 479 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Equinix by 50.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,124 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 377 shares during the period. OneAscent Financial Services LLC purchased a new position in shares of Equinix in the 1st quarter valued at about $282,000. Finally, HighPoint Advisor Group LLC increased its stake in shares of Equinix by 3.1% in the 1st quarter. HighPoint Advisor Group LLC now owns 625 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 19 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Down 1.8%

Shares of EQIX opened at $765.08 on Thursday. The stock has a 50 day moving average price of $803.94 and a 200 day moving average price of $815.25. Equinix, Inc. has a one year low of $701.41 and a one 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 market capitalization of $75.12 billion, a price-to-earnings ratio of 70.06, a PEG ratio of 1.38 and a beta of 0.92.

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

Equinix Announces Dividend

The firm also recently declared 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 2.5%. Equinix’s payout ratio is presently 171.79%.

Analysts Set New Price Targets

Several analysts have commented on EQIX shares. BMO Capital Markets set a $900.00 price objective on Equinix and gave the company a “market perform” rating in a report on Thursday, October 30th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Citigroup reissued a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. Finally, Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Five 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 stock. Based on data from MarketBeat, Equinix currently has a consensus rating of “Buy” and an average target price of $961.33.

Insider Buying and Selling at Equinix

In other news, Chairman Charles J. Meyers sold 5,087 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $778.47, for a total value of $3,960,076.89. Following the completion of the sale, the chairman directly owned 10,426 shares in the company, valued at $8,116,328.22. This represents a 32.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 50 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the sale, the director directly owned 17,782 shares of the company’s stock, valued at approximately $13,826,927.56. This represents a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,641 shares of company stock worth $4,394,531 in the last 90 days. 0.27% of the stock is currently 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.