1,121 Shares in Equinix, Inc. $EQIX Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,121 shares of the financial services provider's stock, valued at approximately $1,169,000.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Equinix by 6.3% during 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 during the period. Legal & General Group Plc raised its stake in Equinix by 10.5% during the 4th quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider's stock valued at $946,724,000 after acquiring an additional 117,101 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Equinix by 5,149.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider's stock valued at $98,143,000 after acquiring an additional 125,657 shares in the last quarter. Generali Asset Management SPA SGR lifted its position in Equinix by 17.8% in the 4th quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider's stock worth $7,487,000 after buying an additional 1,478 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Equinix by 3.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 180,884 shares of the financial services provider's stock valued at $138,586,000 after purchasing an additional 5,991 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Activity

In other news, insider Kurt Pletcher sold 135 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares of the company's stock, valued at $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix 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 of the company's stock, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,986 shares of company stock valued at $8,370,777 over the last three months. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EQIX shares. Scotiabank restated a "sector perform" rating and set a $1,208.00 target price on shares of Equinix in a report on Thursday, July 30th. HSBC reiterated a "buy" rating and issued a $1,400.00 target price on shares of Equinix in a research note on Friday, August 14th. Zacks Research cut shares of Equinix from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Evercore reissued an "outperform" rating and set a $1,270.00 price objective on shares of Equinix in a research report on Tuesday, August 18th. Finally, Barclays lifted their price target on Equinix from $1,109.00 to $1,130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 1st. 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. According to MarketBeat.com, Equinix presently has an average rating of "Moderate Buy" and an average price target of $1,203.40.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $1,055.20 on Tuesday. The stock has a market capitalization of $104.12 billion, a price-to-earnings ratio of 67.95, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The business's fifty day moving average price is $1,052.48 and its two-hundred day moving average price is $1,025.76. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. 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 - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix's dividend payout ratio is 132.90%.

Equinix Company 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.

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