Amalgamated Bank Grows Position in Equinix, Inc. $EQIX

Amalgamated Bank boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,994 shares of the financial services provider’s stock after purchasing an additional 137 shares during the period. Amalgamated Bank’s holdings in Equinix were worth $15,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management lifted its position in 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 purchasing an additional 17 shares in the last quarter. Bank of Jackson Hole Trust lifted its position in Equinix by 70.0% during the second 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 in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Equinix during the first quarter valued at $30,000. Atticus Wealth Management LLC purchased a new position in Equinix during the second quarter valued at $29,000. Finally, Saudi Central Bank purchased a new position in Equinix during the first quarter valued at $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EQIX shares. JMP Securities reissued a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Tuesday, July 22nd. TD Cowen raised their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a report on Thursday. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. UBS Group decreased their price target on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, Truist Financial raised their price target on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Buy” and a consensus target price of $960.76.

Equinix Trading Up 4.4%

Shares of EQIX stock opened at $833.16 on Friday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average price is $795.35 and its 200-day moving average price is $816.00. The stock has a market capitalization of $81.53 billion, a price-to-earnings ratio of 76.30, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (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 firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the firm posted $9.05 earnings per share. The business’s revenue 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. Equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. Equinix’s payout ratio is currently 183.74%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were 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 in the company, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Equinix Company 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.