Callan Family Office LLC Has $2.78 Million Stock Holdings in Equinix, Inc. $EQIX

Callan Family Office LLC grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 388.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,496 shares of the financial services provider’s stock after buying an additional 2,780 shares during the period. Callan Family Office LLC’s holdings in Equinix were worth $2,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp boosted its position in shares of Equinix by 8.2% during the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock valued at $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. bought a new position in shares of Equinix in the first quarter valued at approximately $122,302,000. Nisa Investment Advisors LLC grew its stake in Equinix by 71.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider’s stock valued at $60,690,000 after purchasing an additional 31,073 shares during the period. Gradient Investments LLC grew its stake in Equinix by 19.4% in the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock valued at $19,635,000 after purchasing an additional 4,015 shares during the period. Finally, Partners Group Holding AG grew its stake in Equinix by 10.6% in the 1st quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after purchasing an additional 4,968 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 1.0%

EQIX opened at $800.60 on Friday. The business has a 50 day simple moving average of $782.79 and a two-hundred day simple moving average of $812.67. The firm has a market capitalization of $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the company earned $9.22 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. Equinix’s dividend payout ratio is currently 183.74%.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction 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. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the firm’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 value of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EQIX shares. Guggenheim started coverage on Equinix in a research report on Thursday, July 10th. They issued a “buy” rating and a $933.00 target price for the company. Scotiabank decreased their price objective on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 26th. Mizuho reduced their target price on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Cowen reiterated a “buy” rating on shares of Equinix in a report on Thursday, July 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $960.65.

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.