Bank of New York Mellon Corp Raises Position in Equinix, Inc. $EQIX

Bank of New York Mellon Corp grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.2% during the second quarter, HoldingsChannel reports. The firm owned 622,037 shares of the financial services provider’s stock after purchasing an additional 1,170 shares during the quarter. Bank of New York Mellon Corp’s holdings in Equinix were worth $494,812,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Activest Wealth Management raised its position in shares of Equinix by 121.4% in 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 during the period. Westside Investment Management Inc. raised its position in shares of Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 21 shares during the period. Bank of Jackson Hole Trust raised its position in shares of Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 14 shares during the period. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix in the 1st quarter worth $30,000. Finally, Atticus Wealth Management LLC purchased a new position in shares of Equinix in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 1.6%

NASDAQ:EQIX opened at $832.84 on Tuesday. The business’s 50-day moving average is $797.55 and its two-hundred day moving average is $817.20. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The firm has a market capitalization of $81.77 billion, a PE ratio of 76.27, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating 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 analyst estimates of $2.33 billion. During the same period last year, the company posted $9.05 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be given a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQIX. BMO Capital Markets set a $900.00 target price on Equinix and gave the stock a “market perform” rating in a research report on Thursday. TD Cowen increased their target price on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their target price on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research report on Tuesday, July 22nd. Finally, Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $960.76.

Insider Activity

In other news, Director Christopher B. Paisley sold 75 shares of the firm’s 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 completion of the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the firm’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 disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

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.