Hazelview Securities Inc. Has $38.01 Million Holdings in Equinix, Inc. $EQIX

Hazelview Securities Inc. lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,525 shares of the financial services provider’s stock after selling 6,449 shares during the period. Equinix accounts for about 6.7% of Hazelview Securities Inc.’s portfolio, making the stock its 4th largest position. Hazelview Securities Inc. owned 0.05% of Equinix worth $38,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management lifted its position in Equinix by 121.4% during the 1st 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. Westside Investment Management Inc. increased 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 valued at $25,000 after acquiring an additional 21 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Equinix in the second quarter worth about $26,000. Bank of Jackson Hole Trust lifted 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 worth $27,000 after purchasing an additional 14 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Equinix during the second quarter worth approximately $28,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, insider Kurt Pletcher sold 290 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total value of $212,045.10. Following the sale, the insider directly owned 2,433 shares in the company, valued at approximately $1,778,985.27. This trade represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan Lin sold 124 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total transaction of $90,666.32. Following the completion of the transaction, the insider directly owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This trade represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,704 shares of company stock valued at $6,617,748. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EQIX. JPMorgan Chase & Co. raised their price target on shares of Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Truist Financial boosted their target price on Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. TD Cowen upped their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Barclays raised their price target on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $958.15.

Equinix Stock Down 0.5%

Shares of Equinix stock opened at $750.32 on Friday. The business has a fifty day simple moving average of $789.62 and a 200 day simple moving average of $800.89. The stock has a market cap of $73.67 billion, a PE ratio of 68.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $982.98.

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 analysts’ consensus estimates of $9.27 by $0.56. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

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.