Heritage Investors Management Corp Increases Stock Holdings in Equinix, Inc. $EQIX

Heritage Investors Management Corp increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,083 shares of the financial services provider’s stock after acquiring an additional 930 shares during the quarter. Heritage Investors Management Corp’s holdings in Equinix were worth $23,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Activest Wealth Management raised its holdings in Equinix by 121.4% in 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 in the last quarter. Bank of Jackson Hole Trust raised its holdings in Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Equinix in the second quarter worth $29,000. GKV Capital Management Co. Inc. bought a new position in Equinix in the first quarter worth $30,000. Finally, Saudi Central Bank bought a new position in Equinix in the first quarter worth $31,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 2.3%

Shares of NASDAQ:EQIX opened at $797.73 on Thursday. Equinix, Inc. has a 52-week low of $701.41 and a 52-week 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 $78.07 billion, a price-to-earnings ratio of 78.13, a PEG ratio of 1.41 and a beta of 0.92. The stock’s 50-day simple moving average is $794.13 and its two-hundred day simple moving average is $815.88.

Equinix (NASDAQ:EQIX) last posted 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 7.22% and a net margin of 11.11%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the firm earned $9.05 EPS. The business’s quarterly revenue 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. Analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is presently 183.74%.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president directly 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 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 Equinix stock in a transaction dated 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 in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EQIX shares. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Truist Financial raised their price target on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, UBS Group reduced their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a report on Friday, July 11th. Five research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $957.38.

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.