PFG Advisors Acquires 596 Shares of Equinix, Inc. $EQIX

PFG Advisors grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 29.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,646 shares of the financial services provider’s stock after acquiring an additional 596 shares during the period. PFG Advisors’ holdings in Equinix were worth $2,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EQIX. Activest Wealth Management raised its stake in Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. grew its holdings in Equinix by 190.9% during the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Equinix during the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust raised its position in shares of Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Equinix in the first quarter worth $30,000. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock opened at $824.75 on Monday. The company has a market capitalization 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. The company’s 50-day simple moving average is $800.57 and its two-hundred day simple moving average is $818.13. 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 current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the company posted $9.05 earnings per share. The firm’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. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the transaction, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 579 shares of company stock worth $454,188. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on EQIX shares. Truist Financial increased their price objective on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their price objective on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $960.76.

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.