Mitsubishi UFJ Asset Management Co. Ltd. Acquires 14,294 Shares of Equinix, Inc. $EQIX

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 283,244 shares of the financial services provider’s stock after buying an additional 14,294 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Equinix were worth $216,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Equinix by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock valued at $40,043,000 after purchasing an additional 3,108 shares during the period. Varma Mutual Pension Insurance Co grew its stake in shares of Equinix by 1.1% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 19,053 shares of the financial services provider’s stock worth $14,598,000 after purchasing an additional 200 shares during the period. FSA Advisors Inc. bought a new stake in Equinix in the fourth quarter valued at about $24,438,000. Intact Investment Management Inc. lifted its stake in Equinix by 38.8% in the fourth quarter. Intact Investment Management Inc. now owns 9,300 shares of the financial services provider’s stock valued at $7,125,000 after buying an additional 2,600 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in Equinix in the fourth quarter valued at about $136,000. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 1.0%

Shares of Equinix stock opened at $1,088.73 on Thursday. The company has a market capitalization of $107.37 billion, a P/E ratio of 75.34, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $1,010.82 and a two-hundred day moving average of $875.44. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) 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 business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the firm earned $9.67 EPS. 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. As a group, equities analysts predict that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EQIX shares. Citigroup restated an “outperform” rating on shares of Equinix in a research report on Thursday, April 30th. UBS Group lifted their price objective on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Zacks Research raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Cantor Fitzgerald increased their target price on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,131.60.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 584 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 7,768 shares in the company, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $966.20, for a total value of $1,049,293.20. Following the completion of the sale, the chief executive officer owned 19,574 shares in the company, valued at approximately $18,912,398.80. This trade represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 6,380 shares of company stock worth $6,179,022. Company insiders own 0.27% of the company’s stock.

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.