Leonteq Securities AG Sells 782 Shares of Equinix, Inc. $EQIX

Leonteq Securities AG reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 67.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382 shares of the financial services provider’s stock after selling 782 shares during the period. Leonteq Securities AG’s holdings in Equinix were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Douglas Lane & Associates LLC boosted its holdings in Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after purchasing an additional 4,241 shares during the last quarter. Vanderbilt University boosted its stake in shares of Equinix by 65.9% in the 4th quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after buying an additional 4,089 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Equinix by 6.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock valued at $40,043,000 after acquiring an additional 3,108 shares in the last quarter. Perigon Wealth Management LLC increased its position in shares of Equinix by 141.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock valued at $2,435,000 after acquiring an additional 1,860 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its position in Equinix by 305.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock worth $9,015,000 after purchasing an additional 8,866 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial set a $1,215.00 target price on Equinix in a research note on Friday, May 1st. HSBC boosted their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Citigroup raised their price target on shares of Equinix from $1,240.00 to $1,260.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Barclays boosted their target price on 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. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,153.38.

Equinix Price Performance

Equinix stock opened at $1,002.02 on Monday. The firm has a market capitalization of $98.82 billion, a P/E ratio of 69.34, a PEG ratio of 1.86 and a beta of 0.98. Equinix, Inc. has a one year low of $720.62 and a one 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. The business has a fifty day moving average price of $1,073.27 and a 200-day moving average price of $959.52.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm posted $9.67 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts forecast that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Announces Dividend

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

Insiders Place Their Bets

In related news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $4,010,517.36. Following the sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,539 shares of company stock worth $12,455,054 over the last three months. Corporate insiders own 0.27% of the company’s stock.

About Equinix

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.