Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

01 Jul 2025, 08:45 by Scott Moore · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,129 shares of the financial services provider’s stock after purchasing an additional 2,565 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Equinix were worth $31,904,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Equinix by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider’s stock valued at $11,941,418,000 after buying an additional 88,654 shares during the period. Geode Capital Management LLC boosted its position in Equinix by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider’s stock valued at $2,269,037,000 after purchasing an additional 62,005 shares during the last quarter. FMR LLC grew its position in Equinix by 3.7% in the fourth quarter. FMR LLC now owns 2,264,958 shares of the financial services provider’s stock worth $2,135,606,000 after acquiring an additional 81,144 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Equinix by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider’s stock worth $1,793,429,000 after buying an additional 14,294 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Equinix by 28.7% during the fourth quarter. Wellington Management Group LLP now owns 1,804,227 shares of the financial services provider’s stock valued at $1,701,188,000 after purchasing an additional 401,991 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $795.47 on Tuesday. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The company’s 50 day moving average price is $867.71 and its two-hundred day moving average price is $878.70. The firm has a market cap of $77.81 billion, a PE ratio of 82.69, a PEG ratio of 1.12 and a beta of 0.97. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.20.

Equinix (NASDAQ:EQIX – Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.86 earnings per share. Equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 annualized dividend and a yield of 2.36%. Equinix’s dividend payout ratio is 195.01%.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the transaction, the director directly owned 17,569 shares of the company’s stock, valued at $15,274,664.29. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares of the company’s stock, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock worth $2,808,008 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQIX. BNP Paribas raised Equinix to a “strong-buy” rating in a report on Thursday, May 1st. Stifel Nicolaus cut their price objective on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. New Street Research raised Equinix to a “strong-buy” rating in a report on Monday, April 28th. Wolfe Research lowered shares of Equinix from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. lowered their price target on Equinix from $975.00 to $935.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $977.30.

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