Twin Tree Management LP Invests $1.53 Million in Equinix, Inc. $EQIX

Twin Tree Management LP bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,000 shares of the financial services provider’s stock, valued at approximately $1,532,000.

Other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. increased its position in shares of Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 26 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 28 shares in the last quarter. WPG Advisers LLC increased its position in shares of Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 15 shares in the last quarter. Activest Wealth Management increased its position in shares of Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of Equinix in the fourth quarter worth approximately $45,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equinix 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 sale, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Lin sold 635 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total transaction of $613,225.85. Following the sale, the insider directly owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. This trade represents a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 14,779 shares of company stock valued at $15,580,249. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Guggenheim reaffirmed a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. The Goldman Sachs Group boosted their price objective 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, Citigroup reaffirmed a “buy” rating on shares of Equinix in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Price Performance

Shares of Equinix stock opened at $1,062.74 on Tuesday. The firm has a market cap of $104.81 billion, a P/E ratio of 73.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The firm’s 50-day simple moving average is $1,060.35 and its 200-day simple moving average is $916.55. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

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 return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $9.67 EPS. Equinix’s 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, research analysts expect that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

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.