27,060 Shares in Equinix, Inc. $EQIX Purchased by Nippon Life Global Investors Americas Inc.

Key Points

• Nippon Life Global Investors Americas purchased 27,060 Equinix shares worth approximately $28.2 million, while institutional investors collectively own 94.94% of the company.
• Analysts maintain a positive outlook, with Equinix receiving a consensus “Moderate Buy” rating and an average price target of $1,202.20.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and announced a quarterly dividend of $5.16 per share, representing a 1.9% annualized yield.

Nippon Life Global Investors Americas Inc. bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,060 shares of the financial services provider's stock, valued at approximately $28,207,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EQIX. Vanguard Group Inc. raised its stake in Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock valued at $10,265,706,000 after purchasing an additional 107,227 shares in the last quarter. Cohen & Steers Inc. grew its stake in Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider's stock worth $1,998,978,000 after buying an additional 493,141 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider's stock worth $1,959,731,000 after buying an additional 25,383 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Equinix by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider's stock worth $1,941,377,000 after buying an additional 27,643 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Equinix by 0.6% during the 4th quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider's stock valued at $1,149,628,000 after buying an additional 9,614 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Equinix from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. HSBC reissued a "buy" rating and issued a $1,400.00 target price on shares of Equinix in a research note on Friday. Mizuho raised their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Thursday, May 7th. Guggenheim reaffirmed a "buy" rating and set a $1,235.00 price target on shares of Equinix in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada upped their price objective on Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equinix has a consensus rating of "Moderate Buy" and an average target price of $1,202.20.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated Monday, June 8th. The stock was 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 in the company, valued at $6,600,239.52. This represents a 37.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the firm's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,766 shares of company stock worth $10,297,916. Company insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of Equinix stock opened at $1,102.10 on Monday. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The stock has a market capitalization of $108.74 billion, a price-to-earnings ratio of 70.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company has a fifty day moving average of $1,049.70 and a 200-day moving average of $1,014.65. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. The company 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 last year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

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 dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix's dividend payout ratio (DPR) is 132.90%.

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.

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