Blair William & Co. IL decreased its position in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,228 shares of the financial services provider’s stock after selling 968 shares during the quarter. Blair William & Co. IL’s holdings in Equinix were worth $17,410,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Equinix in the 2nd quarter worth about $26,000. Abound Wealth Management lifted its position in Equinix by 209.1% during the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 23 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in Equinix during the 2nd quarter valued at about $28,000. Golden State Wealth Management LLC boosted its stake in Equinix by 1,466.7% during the second quarter. Golden State Wealth Management LLC now owns 47 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 44 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Equinix during the third quarter worth about $37,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Trending Headlines about Equinix
Here are the key news stories impacting Equinix this week:
- Positive Sentiment: Sanford C. Bernstein initiated/covered EQIX and set a high price target (strong‑buy / outperform), signaling material upside potential and boosting investor confidence. Bernstein Coverage
- Positive Sentiment: Moody’s upgraded Equinix’s senior unsecured rating to Baa1 with a stable outlook — this improves perceived credit quality and lowers refinancing/credit risk. Moody’s Upgrade
- Neutral Sentiment: Equinix closed an offering of $1.5B of senior notes (2031 & 2033 maturities at ~4.40%–4.70%), which secures funding for growth/refinancing but increases long‑term debt load. Investors will weigh use of proceeds vs. added leverage. Senior Notes Close
- Neutral Sentiment: Some outlets reported the note issuance and company filings (additional coverage via TipRanks/FinanzNachrichten), reinforcing the financing story but adding little new information. TipRanks on Notes
- Neutral Sentiment: Reported short‑interest data appears anomalous (shows 0 shares / NaN change); treat that data with caution — no clear shorting pressure signal. Zacks Note on Price Move
- Negative Sentiment: Insider selling: Chairman Charles Meyers sold ~2,716 shares and several execs reportedly sold stock recently. Executive share sales can spook investors even if pre‑planned. Insider Filing
Insider Buying and Selling at Equinix
Equinix Trading Down 1.7%
Shares of NASDAQ:EQIX opened at $936.90 on Monday. The stock has a market capitalization of $92.05 billion, a price-to-earnings ratio of 68.14, a PEG ratio of 2.41 and a beta of 1.04. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50-day simple moving average is $852.09 and its two-hundred day simple moving average is $807.69. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $992.90.
Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). Equinix had a net margin of 14.65% and a return on equity of 9.60%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm earned $7.92 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.
Equinix Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.2%. This is a positive change from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date is Wednesday, February 25th. Equinix’s dividend payout ratio (DPR) is presently 150.11%.
Analysts Set New Price Targets
EQIX has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Equinix from $785.00 to $894.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Barclays restated a “positive” rating and issued a $870.00 price target on shares of Equinix in a research note on Tuesday, January 13th. BMO Capital Markets lifted their price objective on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Sanford C. Bernstein started coverage on Equinix in a report on Thursday. They issued an “outperform” rating and a $1,128.00 target price on the stock. Finally, Jefferies Financial Group increased their target price on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,006.91.
Get Our Latest Report on Equinix
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.
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