Prime Capital Investment Advisors LLC Lowers Holdings in Equinix, Inc. $EQIX

Prime Capital Investment Advisors LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 23.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,743 shares of the financial services provider’s stock after selling 861 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Equinix were worth $2,182,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in EQIX. Confluence Wealth Services Inc. purchased a new stake in shares of Equinix during the 2nd quarter worth about $827,000. Valeo Financial Advisors LLC boosted its stake in shares of Equinix by 298,148.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after acquiring an additional 8,154,365 shares in the last quarter. Three Bridge Wealth Advisors LLC purchased a new stake in shares of Equinix during the 2nd quarter worth about $230,000. Quent Capital LLC boosted its stake in shares of Equinix by 4.8% during the 2nd quarter. Quent Capital LLC now owns 286 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 13 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its stake in shares of Equinix by 0.9% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 14,846 shares of the financial services provider’s stock worth $11,810,000 after acquiring an additional 138 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Down 0.3%

NASDAQ EQIX opened at $787.08 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $77.02 billion, a PE ratio of 77.09, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The firm’s fifty day moving average is $781.62 and its two-hundred day moving average is $813.44.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $9.22 earnings per share. Equinix’s quarterly 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. Analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix’s payout ratio is currently 183.74%.

Analyst Ratings Changes

EQIX has been the topic of several recent analyst reports. Cfra Research lowered shares of Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays increased their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. BMO Capital Markets lowered shares of Equinix from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Bank of America decreased their price target on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Finally, UBS Group decreased their price target on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $960.65.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction dated 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 $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business’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 transaction of $58,612.50. Following the completion of 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 position. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

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.