Davis Selected Advisers Purchases 290 Shares of Equinix, Inc. $EQIX

Davis Selected Advisers lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,663 shares of the financial services provider’s stock after buying an additional 290 shares during the quarter. Davis Selected Advisers’ holdings in Equinix were worth $12,459,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. AE Wealth Management LLC boosted its stake in shares of Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 12 shares during the period. Gitterman Wealth Management LLC lifted its holdings in Equinix by 5.0% in the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 12 shares in the last quarter. Quent Capital LLC boosted its stake in Equinix by 4.8% in the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 13 shares during the period. Whittier Trust Co. boosted its stake in Equinix by 1.3% in the 2nd quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 13 shares during the period. Finally, CVA Family Office LLC grew its holdings in Equinix by 10.9% during the 2nd quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock valued at $105,000 after buying an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 3.3%

Shares of NASDAQ EQIX opened at $786.54 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The firm’s 50-day moving average price is $803.80 and its 200-day moving average price is $817.84. The stock has a market capitalization of $77.23 billion, a price-to-earnings ratio of 72.03, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share 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 company 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 firm’s revenue for the quarter 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. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EQIX shares. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Barclays raised their price objective on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Finally, Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. 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, the company has a consensus rating of “Buy” and an average price target of $960.76.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the sale, the insider owned 8,277 shares of the company’s stock, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 579 shares of company stock worth $454,188. Company 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.