Equinix, Inc. $EQIX Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 30.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 306 shares of the financial services provider’s stock after selling 134 shares during the period. Wrapmanager Inc.’s holdings in Equinix were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. AE Wealth Management LLC boosted its stake in Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 12 shares in the last quarter. Gitterman Wealth Management LLC raised its stake in shares of Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after buying an additional 12 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of Equinix by 4.8% in the second quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock valued at $228,000 after buying an additional 13 shares during the period. Whittier Trust Co. boosted its stake in Equinix by 1.3% during the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock valued at $827,000 after buying an additional 13 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in Equinix by 10.9% during the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 13 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other news, EVP Raouf Abdel sold 404 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the transaction, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 579 shares of company stock worth $454,188 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Trading Down 0.1%

Equinix stock opened at $785.57 on Friday. 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 firm has a market capitalization of $77.13 billion, a price-to-earnings ratio of 71.94, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a 50 day moving average price of $804.03 and a 200 day moving average price of $817.43.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $9.05 earnings per share. The company’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. Research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm 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 dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is 171.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Cowen restated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Finally, Citigroup reissued a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $960.76.

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.