Cwm LLC Acquires 722 Shares of Equinix, Inc. $EQIX

Cwm LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 25.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,544 shares of the financial services provider’s stock after acquiring an additional 722 shares during the period. Cwm LLC’s holdings in Equinix were worth $2,776,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Quent Capital LLC increased its position in Equinix by 4.8% in the second quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock worth $228,000 after buying an additional 13 shares during the last quarter. Whittier Trust Co. boosted its position in Equinix by 1.3% during the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC increased its stake in shares of Equinix by 10.9% in the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 13 shares in the last quarter. Flputnam Investment Management Co. raised its position in shares of Equinix by 1.0% in the third quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock valued at $1,014,000 after purchasing an additional 13 shares during the period. Finally, Bank of Jackson Hole Trust lifted its stake in shares of 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 buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $764.11 on Friday. The company’s fifty day moving average price is $773.37 and its 200-day moving average price is $786.69. 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 has a market capitalization of $75.03 billion, a price-to-earnings ratio of 69.97, a PEG ratio of 1.47 and a beta of 1.05. Equinix, Inc. has a one year low of $701.41 and a one year high of $964.73.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data 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. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.05 EPS. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

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

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 159 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total value of $116,259.21. Following the completion of the sale, the executive vice president owned 6,584 shares in the company, valued at $4,814,154.96. The trade was a 2.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adaire Fox-Martin sold 2,894 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.09, for a total transaction of $2,115,774.46. Following the transaction, the chief executive officer owned 12,366 shares in the company, valued at $9,040,658.94. The trade was a 18.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,704 shares of company stock worth $6,617,748 in the last quarter. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EQIX shares. JPMorgan Chase & Co. boosted 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. BMO Capital Markets raised Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective on the stock in a report on Wednesday, December 3rd. Daiwa Capital Markets set a $917.00 target price on Equinix and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four investment 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 stock. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $953.90.

Equinix Company Profile

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.