Equinix, Inc. $EQIX Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 283,244 shares of the financial services provider's stock after acquiring an additional 14,294 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.29% of Equinix worth $216,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EQIX. Vanguard Group Inc. lifted its position in shares of Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock valued at $10,265,706,000 after acquiring an additional 107,227 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Equinix by 25.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock valued at $2,252,094,000 after purchasing an additional 588,967 shares during the period. Principal Financial Group Inc. lifted its position in shares of Equinix by 3.0% in the third quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider's stock worth $1,542,595,000 after purchasing an additional 56,592 shares in the last quarter. APG Asset Management US Inc. raised its holdings in shares of Equinix by 0.4% during the third quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider's stock worth $937,530,000 after acquiring an additional 5,109 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Equinix by 408.1% during 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 purchasing an additional 953,001 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus set a $1,075.00 target price on Equinix in a report on Thursday, February 12th. Wall Street Zen raised shares of Equinix from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Guggenheim boosted their price target on shares of Equinix from $985.00 to $1,235.00 and gave the company a "buy" rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Equinix in a report on Thursday, January 22nd. Finally, Wells Fargo & Company upped their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,131.60.

Equinix Stock Up 1.0%

Shares of NASDAQ:EQIX opened at $1,088.73 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market cap of $107.37 billion, a P/E ratio of 75.34, a P/E/G ratio of 2.07 and a beta of 1.01. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The company's 50-day moving average price is $1,010.82 and its two-hundred day moving average price is $875.44.

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

Equinix Announces Dividend

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

Insider Activity

In other news, insider Brandi Galvin Morandi sold 630 shares of the company's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total transaction of $605,549.70. Following the transaction, the insider owned 10,394 shares of the company's stock, valued at $9,990,608.86. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan Lin sold 635 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares in the company, valued at approximately $10,418,079.48. This represents a 5.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,380 shares of company stock worth $6,179,022. 0.27% of the stock is owned by company insiders.

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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