Slow Capital Inc. Sells 176 Shares of Equinix, Inc. $EQIX

Slow Capital Inc. trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,934 shares of the financial services provider’s stock after selling 176 shares during the period. Slow Capital Inc.’s holdings in Equinix were worth $3,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in EQIX. Truist Financial Corp increased its position in Equinix by 8.2% during the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock valued at $42,643,000 after buying an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in shares of Equinix during the first quarter worth about $122,302,000. Nisa Investment Advisors LLC increased its holdings in shares of Equinix by 71.7% during the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider’s stock valued at $60,690,000 after acquiring an additional 31,073 shares in the last quarter. First United Bank & Trust purchased a new position in shares of Equinix in the 1st quarter valued at approximately $451,000. Finally, Gradient Investments LLC boosted its stake in Equinix by 19.4% in the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after purchasing an additional 4,015 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on EQIX. Scotiabank decreased their price target on shares of Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a report on Thursday, June 26th. JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Bank of America lowered their price target on Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. The Goldman Sachs Group dropped their price target on Equinix from $1,020.00 to $880.00 and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. Finally, Truist Financial raised their price objective on Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $960.65.

Equinix Trading Up 1.4%

Shares of NASDAQ:EQIX opened at $789.84 on Tuesday. 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 business has a 50 day moving average of $782.10 and a two-hundred day moving average of $813.63. The company has a market capitalization of $77.29 billion, a PE ratio of 77.36, a PEG ratio of 1.39 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping 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 business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the company earned $9.22 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Insider Activity

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The shares were 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 in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix 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.