Leonteq Securities AG Takes Position in Equinix, Inc. $EQIX

Leonteq Securities AG purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,164 shares of the financial services provider’s stock, valued at approximately $892,000.

Other large investors have also modified their holdings of the company. Ameriflex Group Inc. raised its stake in shares of Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC raised its stake in shares of Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 13 shares during the last quarter. Finally, Activest Wealth Management raised its stake in shares of Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 1.3%

NASDAQ:EQIX opened at $1,078.42 on Friday. The stock has a fifty day moving average price of $1,035.69 and a two-hundred day moving average price of $894.31. The stock has a market capitalization of $106.35 billion, a price-to-earnings ratio of 74.63, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio is presently 142.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EQIX shares. TD Cowen upped their price target on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,207.00 price target on shares of Equinix in a research note on Tuesday, May 5th. Stifel Nicolaus set a $1,075.00 price target on Equinix in a research note on Thursday, February 12th. Wells Fargo & Company upped their price target on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, BMO Capital Markets upped their price target on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 584 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.69, for a total value of $563,962.96. Following the completion of the transaction, the executive vice president owned 7,768 shares in the company, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 630 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $605,549.70. Following the completion of the sale, the insider directly owned 10,394 shares in the company, valued at $9,990,608.86. This trade represents a 5.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,729 shares of company stock valued at $11,980,800 in the last three months. Insiders own 0.27% of the company’s stock.

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.