Blair William & Co. IL Cuts Stake in Equinix, Inc. $EQIX

Blair William & Co. IL reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,196 shares of the financial services provider’s stock after selling 370 shares during the quarter. Blair William & Co. IL’s holdings in Equinix were worth $18,452,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Activest Wealth Management lifted its position in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares during the period. Atticus Wealth Management LLC bought a new position in Equinix in the second quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in Equinix during the first quarter worth $30,000. Saudi Central Bank bought a new stake in Equinix during the 1st quarter valued at $31,000. Finally, Quarry LP bought a new stake in Equinix during the 1st quarter valued at $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

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

Equinix Price Performance

Shares of EQIX stock opened at $800.60 on Friday. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $78.35 billion, a price-to-earnings ratio of 78.41, a PEG ratio of 1.40 and a beta of 0.92. The stock’s 50-day simple moving average is $782.79 and its 200-day simple moving average is $812.79.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping 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%. Equinix’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed 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 of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s payout ratio is 183.74%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. JMP Securities restated a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. Finally, UBS Group cut their price objective on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $960.65.

Equinix Profile

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.