Sumitomo Mitsui DS Asset Management Company Ltd Buys 2,451 Shares of Equinix, Inc. $EQIX

by · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 4.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,338 shares of the financial services provider’s stock after buying an additional 2,451 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Equinix were worth $52,944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQIX. Elevation Wealth Partners LLC lifted its stake in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Avion Wealth boosted its holdings in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of Equinix during the second quarter valued at about $34,000. Finally, Bogart Wealth LLC increased its holdings in shares of Equinix by 233.3% in the first quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 28 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EQIX. Royal Bank Of Canada boosted their target price on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Scotiabank restated a “sector perform” rating and set a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Cantor Fitzgerald raised their price target on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Stifel Nicolaus upped their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,206.55.

View Our Latest Analysis on Equinix

Equinix Trading Down 1.0%

Shares of NASDAQ EQIX opened at $975.71 on Tuesday. The business’s 50 day moving average is $1,037.09 and its two-hundred day moving average is $1,050.07. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The stock has a market capitalization of $96.27 billion, a P/E ratio of 23.87, a PEG ratio of 1.41 and a beta of 0.98. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The company 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%. Equinix’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a dividend of $5.16 per share. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix’s payout ratio is presently 132.90%.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the transaction, the insider directly owned 2,450 shares in the company, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,770 shares of company stock worth $4,884,197. Insiders own 0.27% of the company’s stock.

Equinix Company Profile

(Free Report)

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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