Guggenheim Capital LLC Sells 2,847 Shares of Equinix, Inc. $EQIX

Guggenheim Capital LLC decreased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,134 shares of the financial services provider’s stock after selling 2,847 shares during the period. Guggenheim Capital LLC’s holdings in Equinix were worth $16,811,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Valeo Financial Advisors LLC grew its position in Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after acquiring an additional 8,154,365 shares during the last quarter. Norges Bank bought a new stake in shares of Equinix during the 2nd quarter valued at approximately $892,431,000. Nuveen LLC acquired a new position in Equinix during the 1st quarter worth approximately $662,663,000. JPMorgan Chase & Co. lifted its stake in Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after purchasing an additional 291,753 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Equinix by 169.7% in the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock valued at $321,427,000 after buying an additional 248,075 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Barclays upped their target price on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Citigroup reiterated a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $961.33.

Insider Buying and Selling at Equinix

In other news, Chairman Charles J. Meyers sold 5,087 shares of Equinix stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $778.47, for a total value of $3,960,076.89. Following the completion of the transaction, the chairman directly owned 10,426 shares of the company’s stock, valued at approximately $8,116,328.22. This trade represents a 32.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan Lin sold 124 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the transaction, the insider directly owned 8,299 shares in the company, valued at $6,068,062.82. This represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,108 shares of company stock valued at $6,929,276 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Down 0.9%

Shares of EQIX stock opened at $726.09 on Friday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $989.84. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The stock has a market cap of $71.29 billion, a price-to-earnings ratio of 66.49, a PEG ratio of 1.49 and a beta of 1.05. The stock has a 50-day moving average of $794.01 and a 200-day moving average of $806.06.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.6%. Equinix’s dividend payout ratio is 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.