Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Equinix, Inc. $EQIX

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 327,840 shares of the financial services provider's stock, valued at approximately $341,737,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.33% of Equinix as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avion Wealth raised its stake in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after buying an additional 11 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 15 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Equinix during the 4th quarter valued at about $30,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after buying an additional 24 shares during the period. Finally, WPG Advisers LLC boosted its stake in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider's stock worth $34,000 after purchasing an additional 15 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of analyst reports. Mizuho raised their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Thursday, May 7th. TD Cowen increased their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Evercore restated an "outperform" rating and set a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. BTIG Research began coverage on shares of Equinix in a research report on Friday, July 10th. They issued a "buy" rating and a $1,210.00 target price for the company. Finally, Truist Financial increased their price target on Equinix from $1,215.00 to $1,220.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,202.20.

Equinix Trading Down 0.4%

NASDAQ EQIX opened at $1,097.61 on Tuesday. The firm has a market capitalization of $108.30 billion, a PE ratio of 70.68, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The business's 50-day moving average price is $1,050.40 and its two-hundred day moving average price is $1,016.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68.

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

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix's dividend payout ratio (DPR) is 132.90%.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction on 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 transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the transaction, the director directly owned 13,859 shares of the company's stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,766 shares of company stock worth $10,297,916 over the last three months. 0.27% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source