Advisors Asset Management Inc. Purchases 121 Shares of Equinix, Inc. $EQIX

Advisors Asset Management Inc. increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,862 shares of the financial services provider’s stock after purchasing an additional 121 shares during the period. Advisors Asset Management Inc.’s holdings in Equinix were worth $6,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management increased 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 valued at $25,000 after buying an additional 17 shares during the period. Westside Investment Management Inc. lifted 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 worth $25,000 after acquiring an additional 21 shares during the period. Atlantic Union Bankshares Corp bought a new position in Equinix during the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust increased its position in Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Equinix in the 2nd quarter valued at about $28,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Up 0.3%

NASDAQ:EQIX opened at $750.41 on Thursday. 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 twelve month low of $701.41 and a twelve month high of $994.03. The company has a market cap of $73.68 billion, a PE ratio of 68.72, a P/E/G ratio of 1.38 and a beta of 0.92. The company’s 50 day moving average is $800.56 and its two-hundred day moving average is $811.13.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The business had revenue of $2.32 billion during 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 business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company 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 dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s payout ratio is presently 171.79%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 50 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the transaction, the director directly owned 17,782 shares in the company, valued at $13,826,927.56. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the sale, the insider owned 8,277 shares in the company, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,641 shares of company stock valued at $4,394,531 over the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EQIX. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Truist Financial increased their target price on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley began coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $961.33.

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.