Equinix, Inc. $EQIX Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,108 shares of the financial services provider’s stock after purchasing an additional 3,082 shares during the period. Cerity Partners LLC’s holdings in Equinix were worth $14,966,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 54 shares in the last quarter. Empowered Funds LLC boosted its holdings in Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 546 shares in the last quarter. Focus Partners Wealth increased its stake in Equinix by 19.4% in the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock valued at $2,098,000 after purchasing an additional 418 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Equinix by 10.9% during the first quarter. Intech Investment Management LLC now owns 3,094 shares of the financial services provider’s stock worth $2,523,000 after purchasing an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $800.35 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 business has a 50 day simple moving average of $769.03 and a 200-day simple moving average of $782.26. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $953.41. The stock has a market capitalization of $78.58 billion, a PE ratio of 73.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05.

Equinix (NASDAQ:EQIX) last announced 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. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. Equinix’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $9.05 EPS. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, November 19th. Equinix’s payout ratio is currently 171.79%.

Insider Activity at Equinix

In other news, CEO Adaire Fox-Martin sold 2,894 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total value of $2,115,774.46. Following the completion of the sale, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at $9,040,658.94. This trade represents a 18.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurt Pletcher sold 290 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $731.19, for a total value of $212,045.10. Following the transaction, the insider directly owned 2,433 shares in the company, valued at $1,778,985.27. This represents a 10.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQIX. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the company an “outperform” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group downgraded shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price objective for the company. in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $915.00 price objective on Equinix in a report on Tuesday. Citigroup reissued a “buy” rating on shares of Equinix in a report on Thursday, December 11th. Finally, TD Cowen upped their target price on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $952.05.

Equinix 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.