Christopher Paisley Sells 75 Shares of Equinix (NASDAQ:EQIX) Stock

Equinix, Inc. (NASDAQ:EQIX) Director Christopher Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Equinix Trading Up 0.4%

NASDAQ:EQIX opened at $776.29 on Thursday. The company has a market capitalization of $75.97 billion, a P/E ratio of 76.03, a P/E/G ratio of 1.39 and a beta of 0.90. The stock’s 50 day moving average price is $800.85 and its 200 day moving average price is $841.08. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX) last posted its 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. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $9.22 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix’s dividend payout ratio is presently 183.74%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EQIX. Activest Wealth Management increased 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 worth $25,000 after acquiring an additional 17 shares during the period. Westside Investment Management Inc. grew its position in Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix during the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust raised its position in shares of 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 buying an additional 14 shares during the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in shares of Equinix during the fourth quarter valued at about $28,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Stifel Nicolaus reduced their target price on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Truist Financial upped their target price on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. BNP Paribas raised shares of Equinix to a “strong-buy” rating in a research report on Thursday, May 1st. Finally, Mizuho reduced their price objective on shares of Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. Five 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 stock. Based on data from MarketBeat.com, Equinix has an average rating of “Buy” and a consensus target price of $962.52.

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.