Equinix, Inc. $EQIX Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its stake in Equinix, Inc. (NASDAQ:EQIX) by 42.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,983 shares of the financial services provider’s stock after selling 93,216 shares during the period. Balyasny Asset Management L.P. owned approximately 0.13% of Equinix worth $98,625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EQIX. Gitterman Wealth Management LLC increased its holdings in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock valued at $206,000 after buying an additional 12 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Equinix by 4.8% in the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 13 shares during the period. Whittier Trust Co. grew its holdings in shares of Equinix by 1.3% in the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC increased its stake in Equinix by 10.9% in the 2nd quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 13 shares in the last quarter. Finally, Bank of Jackson Hole Trust raised its holdings in Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jonathan Lin sold 124 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the transaction, the insider directly owned 8,299 shares in the company, valued at approximately $6,068,062.82. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 50 shares of the 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 transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,704 shares of company stock valued at $6,617,748. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research analyst reports. Barclays raised their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised their target price on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup reiterated a “buy” rating on shares of Equinix in a research report on Thursday. Finally, Daiwa Capital Markets set a $917.00 price objective on shares of Equinix and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $958.15.

Equinix Price Performance

Equinix stock opened at $750.32 on Friday. The stock has a market capitalization of $73.67 billion, a P/E ratio of 68.71, a P/E/G ratio of 1.53 and a beta of 1.05. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $982.98. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The firm’s 50-day moving average is $789.62 and its two-hundred day moving average is $800.89.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business posted $9.05 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.5%. Equinix’s dividend payout ratio (DPR) is 171.79%.

About Equinix

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.