Equinix, Inc. $EQIX Stock: Toth Financial Advisory Corp Trims Position

Key Points

• Toth Financial Advisory reduced its Equinix position by 96.6% in the third quarter, selling 998 shares and retaining just 35 shares worth approximately $35,000. Institutional investors collectively own 94.94% of EQIX.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and earnings of $11.78 per share, well above the $4.73 analyst consensus.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $1,206.55 versus the stock’s reported price of $1,026.06. The company also pays a quarterly dividend of $5.16 per share, yielding about 2.0%.

Toth Financial Advisory Corp lowered its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 96.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Equinix during the 2nd quarter valued at $11,930,074,000. Cohen & Steers Inc. boosted its holdings in shares of Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider's stock worth $1,998,978,000 after acquiring an additional 493,141 shares during the period. Principal Financial Group Inc. grew its position in shares of Equinix by 1.4% in the first 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 purchasing an additional 27,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Equinix by 26,831.6% during 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 valued at $1,291,648,000 after purchasing an additional 1,234,521 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Equinix during the 2nd quarter valued at $1,181,260,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Performance

NASDAQ EQIX opened at $1,026.06 on Friday. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $101.24 billion, a P/E ratio of 66.07, a P/E/G ratio of 1.45 and a beta of 0.98. The company has a fifty day moving average of $1,042.53 and a 200-day moving average of $1,048.06.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix's dividend payout ratio (DPR) is currently 132.90%.

Analysts Set New Price Targets

EQIX has been the subject of several analyst reports. UBS Group raised their target price on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. BNP Paribas Exane lowered their price target on shares of Equinix from $1,222.00 to $1,219.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Sanford C. Bernstein raised their price objective on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Royal Bank Of Canada upped their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Barclays increased their target price on shares of Equinix from $1,130.00 to $1,135.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,206.55.

Insider Buying and Selling

In related news, Director Christopher Paisley sold 125 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the transaction, the insider owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,770 shares of company stock worth $4,884,197 in the last quarter. 0.27% of the stock is owned by insiders.

About Equinix

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.

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