Equinix, Inc. $EQIX Shares Sold by Westpac Banking Corp

Westpac Banking Corp cut its position in Equinix, Inc. (NASDAQ:EQIX) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,635 shares of the financial services provider’s stock after selling 487 shares during the period. Equinix makes up 0.7% of Westpac Banking Corp’s holdings, making the stock its 24th largest position. Westpac Banking Corp’s holdings in Equinix were worth $10,051,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Western Wealth Management LLC increased its holdings in Equinix by 70.3% in the 2nd quarter. Western Wealth Management LLC now owns 1,562 shares of the financial services provider’s stock worth $1,242,000 after buying an additional 645 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Equinix by 4.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 83,305 shares of the financial services provider’s stock valued at $66,268,000 after acquiring an additional 3,735 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Equinix in the second quarter worth $716,000. Intech Investment Management LLC increased its stake in shares of Equinix by 841.3% in the second quarter. Intech Investment Management LLC now owns 29,124 shares of the financial services provider’s stock worth $23,167,000 after acquiring an additional 26,030 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Equinix by 18.9% during the second quarter. Cetera Investment Advisers now owns 11,294 shares of the financial services provider’s stock worth $8,984,000 after purchasing an additional 1,798 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 0.1%

Shares of EQIX stock opened at $785.57 on Friday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a market cap of $77.13 billion, a price-to-earnings ratio of 71.94, 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. The stock has a 50 day simple moving average of $804.03 and a 200-day simple moving average of $817.19.

Equinix (NASDAQ:EQIX) last released its quarterly 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. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s payout ratio is currently 171.79%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays upped their price target on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. BMO Capital Markets set a $900.00 price target on Equinix and gave the company a “market perform” rating in a research report on Thursday, October 30th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley started coverage on shares of Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective on the stock. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Equinix presently has an average rating of “Buy” and a consensus target price of $960.76.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider owned 8,277 shares of the company’s stock, valued at $6,956,570.19. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 579 shares of company stock worth $454,188 in the last 90 days. Insiders own 0.27% of the company’s stock.

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.