Twin Tree Management LP Purchases Shares of 1,377 Equinix, Inc. $EQIX

Twin Tree Management LP purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,377 shares of the financial services provider’s stock, valued at approximately $1,435,000.

A number of other hedge funds also recently modified their holdings of the business. Bank of Nova Scotia bought a new stake in shares of Equinix in the second quarter worth $26,357,000. Elevation Point Wealth Partners LLC bought a new position in Equinix during the 2nd quarter worth $349,000. Alta Advisers Ltd bought a new position in Equinix during the 2nd quarter worth $415,000. Daiichi Life Insurance Co. Ltd. acquired a new position in Equinix during the 2nd quarter worth about $4,229,000. Finally, Commerce Bank acquired a new position in Equinix during the 2nd quarter worth about $3,230,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Down 1.6%

Shares of Equinix stock opened at $1,065.39 on Friday. The stock’s 50-day moving average is $1,052.66 and its 200 day moving average is $1,022.48. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The firm has a market cap of $105.12 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 1.51 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Equinix (NASDAQ:EQIX) last issued 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 during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the company posted $9.91 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s payout ratio is currently 132.90%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EQIX shares. Mizuho increased their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Barclays upped their target price on Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. 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 for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group raised their price target on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction on 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 completion of the sale, the insider directly 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 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. Insiders sold 7,986 shares of company stock worth $8,370,777 in the last quarter. 0.27% of the stock is owned by corporate insiders.

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.