Walleye Capital LLC Raises Stock Position in Equinix, Inc. $EQIX

Walleye Capital LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 507.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 59,262 shares of the financial services provider’s stock after acquiring an additional 49,509 shares during the quarter. Walleye Capital LLC’s holdings in Equinix were worth $58,091,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Equinix during the second quarter valued at approximately $231,000. Finally, Brown Advisory Inc. lifted its position in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 0.1%

Shares of Equinix stock opened at $1,028.74 on Thursday. The stock has a market cap of $101.45 billion, a P/E ratio of 71.19, a P/E/G ratio of 1.91 and a beta of 0.98. The stock’s 50 day simple moving average is $1,057.27 and its 200-day simple moving average is $983.75. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business earned $9.67 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts predict that Equinix, Inc. will post 38.25 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EQIX shares. Truist Financial set a $1,215.00 price target on Equinix in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Scotiabank raised their price objective on Equinix from $1,050.00 to $1,120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price on the stock in a research note on Thursday, April 30th. Finally, BTIG Research assumed coverage on shares of Equinix in a report on Friday, July 10th. They set a “buy” rating and a $1,210.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,153.79.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,115 shares of company stock worth $12,022,574. 0.27% of the stock is owned by insiders.

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.