Virtu Financial LLC Has $2 Million Stock Position in Equinix, Inc. $EQIX

Virtu Financial LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 47.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,614 shares of the financial services provider’s stock after purchasing an additional 841 shares during the period. Virtu Financial LLC’s holdings in Equinix were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC boosted its position in shares of Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 13 shares during the period. IFP Advisors Inc increased its position in Equinix by 2.2% during the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 13 shares during the period. UMB Bank n.a. increased its position in Equinix by 5.9% during the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 13 shares during the period. Crestwood Advisors Group LLC raised its stake in Equinix by 3.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 14 shares during the last quarter. Finally, Warwick Investment Management Inc. raised its stake in Equinix by 1.7% during the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 15 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the sale, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,539 shares of company stock valued at $12,455,054. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. Finally, TD Cowen lifted their target price on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $1,092.19 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The business’s fifty day moving average price is $1,074.03 and its two-hundred day moving average price is $935.26. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The stock has a market capitalization of $107.71 billion, a price-to-earnings ratio of 75.58, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $9.67 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts predict that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is 142.84%.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.