Nissay Asset Management Corp Japan Increases Holdings in Equinix, Inc. $EQIX

Nissay Asset Management Corp Japan raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 28,685 shares of the financial services provider’s stock after buying an additional 567 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Equinix were worth $29,901,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. SJS Investment Consulting Inc. raised its position in shares of Equinix by 27.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 9 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Equinix by 3.1% in the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 10 shares in the last quarter. Avion Wealth boosted its holdings in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Blue Trust Inc. increased its stake in Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 12 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in Equinix by 30.8% in the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. HSBC restated a “buy” rating and set a $1,400.00 price objective on shares of Equinix in a research report on Friday, August 14th. Mizuho increased their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 price objective on shares of Equinix in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,044.41 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $103.05 billion, a price-to-earnings ratio of 67.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The firm’s fifty day moving average price is $1,050.60 and its 200 day moving average price is $1,031.29. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm earned $9.91 EPS. Equinix’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio is currently 132.90%.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,986 shares of company stock worth $8,370,777 over the last 90 days. 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.