Brookmont Capital Management Lowers Stock Position in Equinix, Inc. $EQIX

Brookmont Capital Management cut its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,107 shares of the financial services provider’s stock after selling 75 shares during the quarter. Equinix makes up 1.4% of Brookmont Capital Management’s portfolio, making the stock its 24th largest holding. Brookmont Capital Management’s holdings in Equinix were worth $2,471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EQIX. Activest Wealth Management boosted its holdings 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 buying an additional 17 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in Equinix during the second quarter worth $29,000. GKV Capital Management Co. Inc. acquired a new position in Equinix during the first quarter worth $30,000. Saudi Central Bank acquired a new position in Equinix during the first quarter worth $31,000. Finally, Quarry LP acquired a new stake in shares of Equinix in the first quarter valued at about $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Down 1.2%

Shares of EQIX stock opened at $773.95 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $75.74 billion, a PE ratio of 75.80, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The company has a 50-day moving average of $782.97 and a two-hundred day moving average of $815.50. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is presently 183.74%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were 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. This trade represents a 0.42% decrease in their ownership of the stock. 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 firm’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 transaction of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Barclays increased their target price on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Bank of America cut their price objective on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. BMO Capital Markets cut shares of Equinix from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Finally, JMP Securities restated a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Equinix has an average rating of “Buy” and a consensus price target 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.