Advisors Capital Management LLC Raises Holdings in Equinix, Inc. $EQIX

Advisors Capital Management LLC lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 564 shares of the financial services provider’s stock after acquiring an additional 64 shares during the period. Advisors Capital Management LLC’s holdings in Equinix were worth $460,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Activest Wealth Management grew its stake in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 17 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Equinix during the fourth quarter worth about $28,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix during the first quarter worth about $30,000. Saudi Central Bank purchased a new stake in shares of Equinix during the first quarter worth about $31,000. Finally, Quarry LP purchased a new stake in Equinix in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on EQIX. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Barclays upped their target price on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. UBS Group dropped their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, Guggenheim began coverage on Equinix in a research report on Thursday, July 10th. They issued a “buy” rating and a $933.00 target price on the stock. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $962.52.

Equinix Trading Down 1.1%

Shares of EQIX stock opened at $788.61 on Friday. 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 has a market cap of $77.17 billion, a price-to-earnings ratio of 77.24, a PEG ratio of 1.42 and a beta of 0.92. The stock has a 50 day simple moving average of $779.38 and a 200-day simple moving average of $822.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $9.22 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix’s dividend payout ratio is currently 183.74%.

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.