Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Equinix, Inc. $EQIX

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,265 shares of the financial services provider’s stock after purchasing an additional 3,108 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Equinix were worth $40,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC lifted its position in shares of Equinix by 4.2% during the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 12 shares in the last quarter. Paragon Private Wealth Management LLC increased its stake in Equinix by 2.7% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after buying an additional 13 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after buying an additional 13 shares in the last quarter. United Asset Strategies Inc. boosted its position in Equinix by 2.1% in the 3rd quarter. United Asset Strategies Inc. now owns 717 shares of the financial services provider’s stock valued at $562,000 after buying an additional 15 shares during the last quarter. Finally, Howard Capital Management Inc. grew its stake in shares of Equinix by 2.3% during the third quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Cantor Fitzgerald lifted their target price on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a report on Tuesday. HSBC upped their target price on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,131.60.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 584 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.69, for a total transaction of $563,962.96. Following the completion of the sale, the executive vice president directly owned 7,768 shares of the company’s stock, valued at $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 424 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the completion of the transaction, the insider owned 9,970 shares of the company’s stock, valued at approximately $10,169,400. The trade was a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,380 shares of company stock worth $6,179,022 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $1,078.46 on Wednesday. The firm has a fifty day moving average of $1,007.95 and a 200-day moving average of $873.50. The company has a market cap of $106.36 billion, a price-to-earnings ratio of 74.63, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly 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 return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $9.67 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s payout ratio is 142.84%.

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.