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

Key Points

• Sumitomo Mitsui DS Asset Management increased its Equinix stake by 4.9% in the third quarter, holding 52,338 shares valued at approximately $52.9 million. Institutional investors collectively own 94.94% of the company.
• Equinix reported quarterly earnings of $11.78 per share, well above the $4.73 analyst estimate, while revenue rose 16.4% year over year to $2.62 billion. The company also pays a quarterly dividend of $5.16, representing a 2.1% annualized yield.
• Shares opened at $975.71, below their 52-week high of $1,128.68. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,206.55.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,338 shares of the financial services provider's stock after buying an additional 2,451 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.05% of Equinix worth $52,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Moore Capital Management LP boosted its position in shares of Equinix by 235.7% during the second quarter. Moore Capital Management LP now owns 7,675 shares of the financial services provider's stock valued at $8,000,000 after purchasing an additional 5,389 shares in the last quarter. Legal & General Group Plc bought a new position in Equinix in the second quarter worth $1,181,260,000. Bamco Inc. NY bought a new position in Equinix in the second quarter worth $203,930,000. Empowered Funds LLC bought a new position in Equinix in the second quarter worth $5,778,000. Finally, Corient Private Wealth LP lifted its position in Equinix by 20.9% during the second quarter. Corient Private Wealth LP now owns 12,597 shares of the financial services provider's stock valued at $13,132,000 after buying an additional 2,181 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Down 1.0%

Shares of Equinix stock opened at $975.71 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $96.27 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a 50-day simple moving average of $1,037.09 and a two-hundred day simple moving average of $1,050.07.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix's dividend payout ratio is currently 132.90%.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 135 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares of the company's stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,770 shares of company stock worth $4,884,197. Corporate insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EQIX shares. Weiss Ratings raised shares of Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Barclays lifted their price target on shares of Equinix from $1,130.00 to $1,135.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 8th. BTIG Research boosted their price objective on shares of Equinix from $1,210.00 to $1,240.00 and gave the stock a "buy" rating in a research note on Thursday, September 10th. Royal Bank Of Canada boosted their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $1,270.00 price objective (up from $1,207.00) on shares of Equinix in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Equinix has a consensus rating of "Moderate Buy" and a consensus price target of $1,206.55.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.

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