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

Toth Financial Advisory Corp increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 93.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,033 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Toth Financial Advisory Corp’s holdings in Equinix were worth $1,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mufg Securities Americas Inc. increased its stake in shares of Equinix by 9.3% in the second quarter. Mufg Securities Americas Inc. now owns 2,971 shares of the financial services provider’s stock worth $3,097,000 after acquiring an additional 252 shares during the period. Van ECK Associates Corp grew its position in Equinix by 2.3% during the 2nd quarter. Van ECK Associates Corp now owns 34,673 shares of the financial services provider’s stock worth $36,143,000 after purchasing an additional 771 shares during the period. Nissay Asset Management Corp Japan raised its stake in shares of Equinix by 2.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 28,685 shares of the financial services provider’s stock valued at $29,901,000 after buying an additional 567 shares during the last quarter. Tandem Capital Management Corp ADV acquired a new position in shares of Equinix in the 2nd quarter valued at about $208,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Equinix in the second quarter worth about $498,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated 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 owned 6,132 shares in the company, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. The transaction was disclosed in a legal filing 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, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,986 shares of company stock valued at $8,370,777. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EQIX. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Stifel Nicolaus lifted their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,340.00 price target on shares of Equinix in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Trading Down 3.0%

EQIX stock opened at $1,044.41 on Friday. The business’s 50-day moving average is $1,050.60 and its 200 day moving average is $1,031.29. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 1.53 and a beta of 0.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

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

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date of this dividend 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 is presently 132.90%.

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.