Resona Asset Management Co. Ltd. lessened its stake in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,446 shares of the financial services provider’s stock after selling 2,051 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Equinix were worth $43,962,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased its position in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares in the last quarter. Princeton Global Asset Management LLC increased its position in Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. WPG Advisers LLC increased its position in Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of 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 purchasing an additional 13 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on EQIX shares. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Mizuho lifted their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. The Goldman Sachs Group lifted their target price on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $1,075.00 target price on Equinix in a report on Thursday, February 12th. Finally, Scotiabank lifted their target price on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.
Insider Buying and Selling
In other Equinix news, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the sale, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 424 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total value of $432,480.00. Following the sale, the insider directly owned 9,970 shares in the company, valued at $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 11,604 shares of company stock valued at $11,848,264 in the last ninety days. Company insiders own 0.27% of the company’s stock.
Equinix Price Performance
NASDAQ EQIX opened at $1,062.62 on Tuesday. The company has a market capitalization of $104.80 billion, a PE ratio of 73.54, a price-to-earnings-growth ratio of 1.99 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. The business’s fifty day moving average is $1,028.61 and its 200 day moving average is $889.27. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.
Equinix (NASDAQ:EQIX – Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $9.67 earnings per share. Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.
Equinix Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.
Equinix Company 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.
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