Equinix, Inc. $EQIX Shares Bought by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,685 shares of the financial services provider’s stock after purchasing an additional 567 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Equinix were worth $29,901,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Equinix during the 2nd quarter worth about $11,930,074,000. Norges Bank purchased a new stake in Equinix in the 4th quarter valued at about $984,355,000. Legal & General Group Plc acquired a new position in Equinix in the second quarter valued at about $1,181,260,000. Canada Pension Plan Investment Board acquired a new position in Equinix in the second quarter valued at about $1,163,662,000. Finally, Deutsche Bank AG purchased a new position in Equinix during the second quarter worth about $1,118,930,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EQIX shares. Royal Bank Of Canada lifted their price target on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. BTIG Research started coverage on shares of Equinix in a report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price objective on the stock. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Finally, Mizuho upped their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,986 shares of company stock worth $8,370,777. Company insiders own 0.27% of the company’s stock.

Equinix Stock Down 3.0%

Shares of NASDAQ EQIX opened at $1,044.41 on Friday. The stock has a market cap of $103.05 billion, a P/E ratio of 67.25, a PEG ratio of 1.53 and a beta of 0.99. The business’s fifty day simple moving average is $1,050.60 and its 200-day simple moving average is $1,031.29. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. 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 (NASDAQ:EQIX) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $9.91 EPS. Equinix’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s payout ratio is currently 132.90%.

About Equinix

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.