Munich Reinsurance Co Stock Corp in Munich Acquires 2,660 Shares of Equinix, Inc. $EQIX

Munich Reinsurance Co Stock Corp in Munich boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1,357.1% in the first quarter, Holdings Channel reports. The institutional investor owned 2,856 shares of the financial services provider’s stock after acquiring an additional 2,660 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Equinix were worth $2,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Equinix during the 4th quarter valued at $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Equinix by 408.1% during the 3rd 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 worth $929,312,000 after purchasing an additional 953,001 shares in the last quarter. SG Americas Securities LLC boosted its stake in Equinix by 377,167.4% in the 4th quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock worth $549,190,000 after purchasing an additional 716,618 shares during the period. Cohen & Steers Inc. grew its holdings in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after buying an additional 493,141 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Equinix by 30.0% during the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after buying an additional 252,964 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Equinix from $1,240.00 to $1,260.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Mizuho boosted their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Barclays upped their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price on the stock in a research note on Thursday, April 30th. Finally, Evercore restated an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,153.38.

Equinix Stock Up 1.9%

Shares of NASDAQ EQIX opened at $1,034.87 on Friday. 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 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $102.06 billion, a price-to-earnings ratio of 71.62, a PEG ratio of 1.89 and a beta of 0.98. The business has a 50-day moving average of $1,066.92 and a 200-day moving average of $967.02.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating 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 business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm posted $9.67 earnings per share. Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts expect that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were given a dividend of $5.16 per share. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is 142.84%.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,115 shares of company stock worth $12,022,574. Corporate insiders own 0.27% of the company’s stock.

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.