Coldstream Capital Management Inc. Boosts Stock Position in Equinix, Inc. $EQIX

Coldstream Capital Management Inc. grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,584 shares of the financial services provider’s stock after purchasing an additional 196 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Equinix were worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Activest Wealth Management grew 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 buying an additional 17 shares during the period. Westside Investment Management Inc. boosted 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 valued at $25,000 after acquiring an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Equinix in the second quarter valued at about $26,000. Bank of Jackson Hole Trust increased its stake in shares of Equinix by 70.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Equinix during the 2nd quarter worth approximately $28,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Down 1.6%

Shares of NASDAQ EQIX opened at $748.15 on Wednesday. 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 cap of $73.46 billion, a P/E ratio of 68.51, a P/E/G ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The business has a 50-day simple moving average of $801.13 and a two-hundred day simple moving average of $811.56.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating 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 prior year, the business posted $9.05 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently declared 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. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s payout ratio is 171.79%.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 50 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total transaction of $38,879.00. Following the transaction, the director directly owned 17,782 shares in the company, valued at approximately $13,826,927.56. This represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,641 shares of company stock valued at $4,394,531 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQIX. Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Barclays upped their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Finally, BMO Capital Markets set a $900.00 target price on shares of Equinix and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and an average target price of $961.33.

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.