Toth Financial Advisory Corp Increases Stock Holdings in Equinix, Inc. $EQIX

Toth Financial Advisory Corp boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 93.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,033 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. Toth Financial Advisory Corp’s holdings in Equinix were worth $1,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in Equinix during the second quarter valued at $1,181,260,000. Bamco Inc. NY purchased a new position in shares of Equinix during the second quarter valued at approximately $203,930,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Equinix by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after purchasing an additional 3,108 shares in the last quarter. Adelante Capital Management LLC purchased a new stake in shares of Equinix in the second quarter worth $129,154,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Equinix by 5,149.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock valued at $98,143,000 after acquiring an additional 125,657 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQIX has been the topic of several research reports. Mizuho lifted their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen increased their target price on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $1,270.00 price target on shares of Equinix in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Trading Down 3.0%

Shares of NASDAQ EQIX opened at $1,044.41 on Friday. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The business has a fifty day moving average price of $1,050.60 and a 200 day moving average price of $1,031.29. The stock has a market capitalization of $103.05 billion, a P/E ratio of 67.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

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

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction 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 $4,384,813.50. This represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,986 shares of company stock worth $8,370,777. 0.27% of the stock is currently owned by insiders.

Equinix Company 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.