Leonteq Securities AG Cuts Stock Position in Equinix, Inc. $EQIX

Leonteq Securities AG trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 67.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 382 shares of the financial services provider’s stock after selling 782 shares during the quarter. Leonteq Securities AG’s holdings in Equinix were worth $374,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its stake in shares of Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 9 shares in the last quarter. Blue Trust Inc. raised its position in Equinix by 1.3% in the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 12 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 13 shares during the last quarter. IFP Advisors Inc boosted its position in Equinix by 2.2% during the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after buying an additional 13 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Equinix by 5.9% during the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock valued at $179,000 after buying an additional 13 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,002.02 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm’s fifty day simple moving average is $1,073.27 and its 200 day simple moving average is $959.52. The stock has a market cap of $98.82 billion, a P/E ratio of 69.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $9.67 EPS. The company’s quarterly 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. As a group, research analysts predict that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were given a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. Equinix’s dividend payout ratio is currently 142.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EQIX shares. Cantor Fitzgerald increased their target price on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $1,215.00 target price on shares of Equinix in a report on Friday, May 1st. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group increased their price target on shares of Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Guggenheim restated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,153.38.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares in the company, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,539 shares of company stock worth $12,455,054 over the last 90 days. 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.