GTS Securities LLC Has $913,000 Stock Holdings in Equinix, Inc. $EQIX

GTS Securities LLC decreased its stake in Equinix, Inc. (NASDAQ:EQIX) by 37.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 876 shares of the financial services provider’s stock after selling 523 shares during the quarter. GTS Securities LLC’s holdings in Equinix were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. BlackRock Inc. acquired a new position in Equinix during the second quarter valued at approximately $11,930,074,000. Cohen & Steers Inc. increased its position in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after purchasing an additional 493,141 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Equinix by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after purchasing an additional 25,383 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Equinix by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after purchasing an additional 27,643 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Equinix by 0.6% during the 4th quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock worth $1,149,628,000 after purchasing an additional 9,614 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

EQIX opened at $1,044.41 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The business has a 50 day moving average of $1,050.60 and a 200-day moving average of $1,031.29. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 1.48 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping 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 analyst estimates of $2.59 billion. During the same period in the previous year, the firm earned $9.91 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently disclosed 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. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s payout ratio is 132.90%.

Analyst Ratings Changes

Several research firms recently weighed in on EQIX. Barclays raised their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Mizuho upped their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. BTIG Research started coverage on shares of Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price target for the company. Cantor Fitzgerald lifted their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the transaction, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction dated 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 directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 over the last ninety days. Insiders own 0.27% of the company’s stock.

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.