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

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Equinix, Inc. by 18.7% during the 2nd quarter, with holdings now worth approximately $36.96 million.
• Company insiders, including Director Christopher B. Paisley, have recently sold shares, indicating a decrease in ownership, with Paisley reducing his stake by 0.42%.
• Equinix declared a quarterly dividend of $4.69 per share, reflecting an annualized yield of 2.4%, despite a high dividend payout ratio of 183.74%.

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 18.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,459 shares of the financial services provider's stock after purchasing an additional 7,330 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Equinix were worth $36,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Brighton Jones LLC lifted its stake in Equinix by 28.9% during 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. Bank Pictet & Cie Europe AG bought a new stake in shares of Equinix during the fourth quarter worth approximately $2,027,000. DigitalBridge Group Inc. increased its stake in shares of Equinix by 8.4% in the 4th quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider's stock valued at $186,406,000 after acquiring an additional 15,344 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of Equinix during the 4th quarter valued at about $207,000. Finally, Two Sigma Investments LP bought a new stake in shares of Equinix in the fourth quarter valued at about $16,450,000. Institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent analyst reports. Guggenheim began coverage on shares of Equinix in a research note on Thursday, July 10th. They issued a "buy" rating and a $933.00 price target for the company. Wells Fargo & Company dropped their price objective on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Mizuho dropped their price objective on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Cowen reiterated a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $962.52.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Up 0.8%

Shares of Equinix stock traded up $6.17 during trading hours on Monday, reaching $797.42. The company's stock had a trading volume of 141,032 shares, compared to its average volume of 601,650. The company has a market capitalization of $78.04 billion, a P/E ratio of 77.91, a P/E/G ratio of 1.41 and a beta of 0.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The stock's fifty day simple moving average is $781.41 and its two-hundred day simple moving average is $818.17. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the business earned $9.22 EPS. The business's revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's payout ratio is currently 183.74%.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.