Equinix, Inc. $EQIX Holdings Trimmed by Toth Financial Advisory Corp

Toth Financial Advisory Corp reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 96.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35 shares of the financial services provider’s stock after selling 998 shares during the period. Toth Financial Advisory Corp’s holdings in Equinix were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Equinix in the second quarter worth approximately $11,930,074,000. Cohen & Steers Inc. boosted its position in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after buying an additional 493,141 shares during the period. Principal Financial Group Inc. boosted its position in Equinix by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after buying an additional 27,643 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equinix by 26,831.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after acquiring an additional 1,234,521 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Equinix in the second quarter valued at about $1,181,260,000. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the sale, the insider owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,770 shares of company stock worth $4,884,197 in the last three months. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQIX shares. TD Cowen increased their target price on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Sanford C. Bernstein boosted their price target on Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Mizuho increased their price objective on Equinix from $1,200.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. HSBC cut their price objective on Equinix from $1,400.00 to $1,380.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Equinix from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,206.55.

Equinix Trading Up 1.5%

EQIX opened at $1,026.06 on Friday. The stock has a market cap of $101.24 billion, a PE ratio of 66.07, a PEG ratio of 1.45 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50 day moving average of $1,042.53 and a 200-day moving average of $1,048.06. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.