Equinix, Inc. $EQIX Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 5.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,316 shares of the financial services provider’s stock after selling 642 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Equinix were worth $9,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted 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 acquiring an additional 17 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Equinix in the 2nd quarter worth approximately $29,000. GKV Capital Management Co. Inc. acquired a new stake in Equinix during the first quarter valued at approximately $30,000. Saudi Central Bank bought a new stake in Equinix during the first quarter worth approximately $31,000. Finally, Quarry LP acquired a new position in Equinix in the first quarter worth approximately $31,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EQIX. BMO Capital Markets downgraded Equinix from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a report on Friday. Truist Financial increased their price target on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on Equinix from $935.00 to $940.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Barclays raised their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $960.65.

Equinix Stock Performance

Shares of EQIX opened at $778.74 on Monday. The company has a market capitalization of $76.21 billion, a PE ratio of 76.27, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company’s fifty day moving average price is $782.18 and its 200 day moving average price is $813.94.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s payout ratio is 183.74%.

About Equinix

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.