GTS Securities LLC Sells 523 Shares of Equinix, Inc. $EQIX

GTS Securities LLC trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 37.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876 shares of the financial services provider’s stock after selling 523 shares during the period. GTS Securities LLC’s holdings in Equinix were worth $913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EQIX. Brighton Jones LLC raised its holdings in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after buying an additional 54 shares during the period. Empowered Funds LLC grew its holdings in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of Equinix in the 2nd quarter valued at $231,000. Finally, Brown Advisory Inc. increased its position in shares of Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after buying an additional 29 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 7,986 shares of company stock worth $8,370,777. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on EQIX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Cantor Fitzgerald increased their price target on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Mizuho raised their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Scotiabank reiterated a “sector perform” rating and set a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Trading Down 3.0%

EQIX opened at $1,044.41 on Friday. The stock has a market capitalization of $103.05 billion, a P/E ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The firm’s fifty day simple moving average is $1,050.60 and its 200 day simple moving average is $1,031.29. 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 (EPS) 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 firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the company earned $9.91 EPS. The company’s revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date 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 (DPR) is presently 132.90%.

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.