Equinix, Inc. $EQIX Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 496,156 shares of the financial services provider’s stock after buying an additional 19,987 shares during the quarter. Equinix accounts for about 1.2% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 15th biggest holding. Daiwa Securities Group Inc.’s holdings in Equinix were worth $380,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EQIX. TD Asset Management Inc grew its stake in shares of Equinix by 2.1% during the 4th quarter. TD Asset Management Inc now owns 50,474 shares of the financial services provider’s stock worth $38,671,000 after purchasing an additional 1,024 shares during the period. Cibc World Market Inc. lifted its stake in shares of Equinix by 8.5% in the fourth quarter. Cibc World Market Inc. now owns 55,123 shares of the financial services provider’s stock valued at $42,233,000 after purchasing an additional 4,315 shares during the period. Sivia Capital Partners LLC boosted its holdings in Equinix by 230.2% during the fourth quarter. Sivia Capital Partners LLC now owns 1,007 shares of the financial services provider’s stock worth $772,000 after buying an additional 702 shares in the last quarter. CIBC Asset Management Inc grew its position in Equinix by 71.6% during the fourth quarter. CIBC Asset Management Inc now owns 23,102 shares of the financial services provider’s stock worth $17,700,000 after buying an additional 9,643 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Equinix by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 594,582 shares of the financial services provider’s stock worth $455,545,000 after buying an additional 3,189 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Equinix in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. HSBC boosted their target price on Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Sanford C. Bernstein started coverage on Equinix in a research report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 630 shares of Equinix stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total value of $605,549.70. Following the transaction, the insider owned 10,394 shares in the company, valued at approximately $9,990,608.86. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. This trade represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,053 shares of company stock worth $11,569,731 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX opened at $1,089.15 on Friday. The business’s 50-day moving average price is $1,056.06 and its 200 day moving average price is $912.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a market capitalization of $107.41 billion, a PE ratio of 75.37, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $9.67 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued 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 dividend payout ratio (DPR) 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.