Cullen Frost Bankers Inc. Acquires 48 Shares of Equinix, Inc. $EQIX

Cullen Frost Bankers Inc. increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 64.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122 shares of the financial services provider’s stock after purchasing an additional 48 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Equinix were worth $97,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of EQIX. Activest Wealth Management increased 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 worth $25,000 after purchasing an additional 17 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Equinix during the 2nd quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new position in Equinix during the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new position in Equinix during the 1st quarter worth approximately $31,000. Finally, Quarry LP acquired a new position in Equinix during the 1st quarter worth approximately $31,000. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 0.9%

NASDAQ EQIX opened at $839.49 on Friday. The company has a market cap of $82.15 billion, a PE ratio of 82.22, a PEG ratio of 1.45 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The stock has a 50 day moving average of $791.39 and a 200-day moving average of $814.98.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business earned $9.22 EPS. The firm’s revenue for the quarter 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 anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio is 183.74%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays upped their price target on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. upped their price target on Equinix from $935.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Guggenheim assumed coverage on Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 price target for the company. Dbs Bank raised Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Finally, Mizuho reduced their price target on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Five investment 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $957.38.

Insiders Place Their Bets

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

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.