Allworth Financial LP Increases Stock Holdings in Equinix, Inc. $EQIX

Allworth Financial LP grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 745.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,759 shares of the financial services provider’s stock after purchasing an additional 1,551 shares during the quarter. Allworth Financial LP’s holdings in Equinix were worth $1,399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQIX. Vanguard Group Inc. raised its position in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after acquiring an additional 242,121 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after acquiring an additional 8,154,365 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock worth $1,296,871,000 after purchasing an additional 291,753 shares in the last quarter. Northern Trust Corp raised its holdings in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock worth $1,243,013,000 after purchasing an additional 40,734 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock worth $1,087,334,000 after purchasing an additional 25,290 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EQIX shares. JMP Securities reissued a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Dbs Bank raised Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Morgan Stanley started coverage on shares of Equinix in a report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $960.76.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated 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 trade represents a 5.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 579 shares of company stock valued at $454,188 in the last 90 days. Insiders own 0.27% of the company’s stock.

Equinix Trading Down 3.3%

EQIX stock opened at $786.54 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. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The business has a 50 day simple moving average of $803.80 and a two-hundred day simple moving average of $817.84. The company has a market capitalization of $77.23 billion, a price-to-earnings ratio of 72.03, a PEG ratio of 1.38 and a beta of 0.92.

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

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a $4.69 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s payout ratio is presently 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.