Walleye Capital LLC Boosts Holdings in Equinix, Inc. $EQIX

Key Points

• Walleye Capital LLC increased its stake in Equinix by 113.2%, owning 1,582 shares valued at approximately $1.29 million as of its latest SEC filing.
• Equinix announced a quarterly dividend of $4.69 per share, yielding 2.4%, with record investors set to receive the payment on September 17th.
• Equinix's stock has received positive ratings from analysts, with a consensus Buy rating and a price target of $962.52, alongside a strong earnings report beating expectations significantly.

Walleye Capital LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 113.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,582 shares of the financial services provider's stock after acquiring an additional 840 shares during the period. Walleye Capital LLC's holdings in Equinix were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQIX. Brighton Jones LLC lifted its position in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Equinix during the fourth quarter valued at approximately $2,027,000. Integrated Wealth Concepts LLC raised its holdings in shares of Equinix by 8.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 468 shares of the financial services provider's stock worth $441,000 after buying an additional 35 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Equinix by 16.1% in the fourth quarter. AQR Capital Management LLC now owns 47,059 shares of the financial services provider's stock worth $44,220,000 after buying an additional 6,512 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Equinix by 33.5% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 22,700 shares of the financial services provider's stock worth $21,404,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of research analyst reports. Guggenheim initiated coverage on shares of Equinix in a report on Thursday, July 10th. They issued a "buy" rating and a $933.00 price target for the company. Dbs Bank raised shares of Equinix to a "moderate buy" rating in a report on Wednesday, August 6th. Citigroup raised their price target on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Truist Financial raised their price target on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, BMO Capital Markets cut shares of Equinix from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $962.52.

Equinix Trading Down 0.0%

Shares of Equinix stock opened at $786.19 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a fifty day moving average price of $786.16 and a 200 day moving average price of $833.85. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The stock has a market cap of $76.94 billion, a PE ratio of 77.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the company posted $9.22 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is currently 183.74%.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer owned 9,615 shares in the company, valued at approximately $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Equinix Profile

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.

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