Asset Management One Co. Ltd. Sells 117 Shares of Equinix, Inc. $EQIX

Asset Management One Co. Ltd. decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 0.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,001 shares of the financial services provider’s stock after selling 117 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.20% of Equinix worth $157,504,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp increased its position in Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock worth $42,643,000 after buying an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in Equinix in the first quarter worth about $122,302,000. Nisa Investment Advisors LLC increased its position in Equinix by 71.7% in the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider’s stock worth $60,690,000 after buying an additional 31,073 shares in the last quarter. Gradient Investments LLC increased its position in Equinix by 19.4% in the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after buying an additional 4,015 shares in the last quarter. Finally, Partners Group Holding AG increased its position in Equinix by 10.6% in the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock worth $42,225,000 after buying an additional 4,968 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EQIX shares. Morgan Stanley started coverage on Equinix in a research report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price target for the company. Bank of America cut their target price on Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. increased their target price on Equinix from $935.00 to $940.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company cut their target price on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Equinix currently has an average rating of “Buy” and an average price target of $957.38.

Equinix Price Performance

NASDAQ:EQIX opened at $831.93 on Friday. The firm has a market capitalization of $81.42 billion, a price-to-earnings ratio of 81.48, a PEG ratio of 1.43 and a beta of 0.92. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The business has a 50 day simple moving average of $790.22 and a 200-day simple moving average of $813.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s payout ratio is 183.74%.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.