Equinix, Inc. $EQIX Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,265 shares of the financial services provider's stock after acquiring an additional 3,108 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.05% of Equinix worth $40,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 buying an additional 107,227 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock worth $2,252,094,000 after acquiring an additional 588,967 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Equinix by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider's stock valued at $1,542,595,000 after buying an additional 56,592 shares in the last quarter. APG Asset Management US Inc. grew its position in shares of Equinix by 0.4% in the 3rd quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider's stock valued at $937,530,000 after buying an additional 5,109 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider's stock valued at $929,312,000 after acquiring an additional 953,001 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup restated an "outperform" rating on shares of Equinix in a research note on Thursday, April 30th. HSBC upped their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Raymond James Financial raised Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 price target for the company in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $1,207.00 price objective on shares of Equinix in a research report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,131.60.

Insider Activity

In related news, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the sale, the insider owned 10,788 shares in the company, valued at approximately $10,418,079.48. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total value of $1,049,293.20. Following the sale, the chief executive officer owned 19,574 shares of the company's stock, valued at approximately $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,380 shares of company stock worth $6,179,022 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Down 0.4%

EQIX stock opened at $1,078.46 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The company's 50-day moving average price is $1,007.95 and its 200 day moving average price is $873.50. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The company has a market cap of $106.36 billion, a P/E ratio of 74.63, a P/E/G ratio of 2.08 and a beta of 1.01.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix's dividend payout ratio is presently 142.84%.

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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