West Family Investments Inc. Acquires 113 Shares of Equinix, Inc. $EQIX

by · The Cerbat Gem

West Family Investments Inc. boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 29.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499 shares of the financial services provider’s stock after purchasing an additional 113 shares during the period. West Family Investments Inc.’s holdings in Equinix were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. Activest Wealth Management increased its stake in shares of Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the period. Westside Investment Management Inc. lifted its stake in Equinix by 190.9% in the second 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 bought a new stake in Equinix in the second quarter valued at $26,000. Bank of Jackson Hole Trust increased its position in 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 purchasing an additional 14 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Equinix in the 2nd quarter worth $28,000. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of research reports. BMO Capital Markets set a $900.00 target price on shares of Equinix and gave the company a “market perform” rating in a research note on Thursday, October 30th. Truist Financial lifted their price objective on Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Daiwa Capital Markets set a $917.00 target price on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $961.33.

Read Our Latest Research Report on EQIX

Insider Activity

In other news, Chairman Charles J. Meyers sold 5,087 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the sale, the chairman owned 10,426 shares in the company, valued at $8,116,328.22. This represents a 32.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,641 shares of company stock valued at $4,394,531 in the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Stock Performance

Equinix stock opened at $753.74 on Friday. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $991.93. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $74.01 billion, a P/E ratio of 69.02, a PEG ratio of 1.38 and a beta of 0.92. The stock’s 50 day moving average is $799.11 and its 200 day moving average is $809.48.

Equinix (NASDAQ:EQIXGet Free Report) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the company posted $9.05 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts predict 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 will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio is 171.79%.

Equinix Profile

(Free Report)

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.

See Also

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