Frank Rimerman Advisors LLC Decreases Holdings in Equinix, Inc. $EQIX

Frank Rimerman Advisors LLC trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 983 shares of the financial services provider’s stock after selling 72 shares during the period. Frank Rimerman Advisors LLC’s holdings in Equinix were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in shares of 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 last quarter. Westside Investment Management Inc. raised its stake in Equinix by 190.9% in the second 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 during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Equinix in the second quarter valued at about $26,000. Bank of Jackson Hole Trust boosted 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 acquiring an additional 14 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Equinix during the second quarter worth about $29,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of Equinix in a report on Thursday, October 30th. TD Cowen lifted their price objective on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Truist Financial upped their target price on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Daiwa Capital Markets set a $917.00 target price on Equinix and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $961.33.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,641 shares of company stock valued at $4,394,531 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.3%

NASDAQ:EQIX opened at $779.17 on Wednesday. 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 company’s fifty day moving average price is $804.25 and its 200-day moving average price is $815.60. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm has a market capitalization of $76.50 billion, a P/E ratio of 71.35, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued 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 dividend payout ratio (DPR) is 171.79%.

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.