Douglas Lane & Associates LLC Buys 14,264 Shares of Equinix, Inc. $EQIX

Douglas Lane & Associates LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 15.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 107,789 shares of the financial services provider’s stock after buying an additional 14,264 shares during the period. Equinix accounts for about 1.2% of Douglas Lane & Associates LLC’s portfolio, making the stock its 23rd largest holding. Douglas Lane & Associates LLC owned 0.11% of Equinix worth $84,425,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Activest Wealth Management boosted its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. increased its stake in Equinix by 190.9% during the 2nd 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 acquired a new stake in Equinix during the second quarter worth about $26,000. Bank of Jackson Hole Trust raised its position in shares of Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after buying an additional 14 shares in the last quarter. Finally, Abound Wealth Management lifted its holdings in shares of Equinix by 209.1% during the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 1.9%

NASDAQ EQIX opened at $758.26 on Friday. 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 stock has a market capitalization of $74.45 billion, a price-to-earnings ratio of 69.44, a PEG ratio of 1.54 and a beta of 1.05. Equinix, Inc. has a one year low of $701.41 and a one year high of $964.73. The business’s fifty day moving average is $785.23 and its 200-day moving average is $795.65.

Equinix (NASDAQ:EQIX) last issued its earnings results 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. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. Equinix’s dividend payout ratio is presently 171.79%.

Analyst Ratings Changes

Several brokerages recently commented on EQIX. BMO Capital Markets raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective for the company in a research note on Wednesday, December 3rd. Citigroup reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. TD Cowen increased their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Truist Financial boosted their price target on shares of Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $953.90.

Insider Activity at Equinix

In other Equinix 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 transaction of $38,879.00. Following the sale, 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 290 shares of Equinix stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total transaction of $212,045.10. Following the completion of the transaction, the insider owned 2,433 shares in the company, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,704 shares of company stock worth $6,617,748 in the last three months. 0.27% of the stock is owned by insiders.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.