Sumitomo Life Insurance Co. Has $1.19 Million Stock Holdings in Equinix, Inc. $EQIX

Sumitomo Life Insurance Co. lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 5.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,497 shares of the financial services provider’s stock after selling 87 shares during the period. Sumitomo Life Insurance Co.’s holdings in Equinix were worth $1,191,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EQIX. Activest Wealth Management raised its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 17 shares during the period. Bank of Jackson Hole Trust raised its holdings in Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Atticus Wealth Management LLC bought a new stake in Equinix in the 2nd quarter valued at $29,000. GKV Capital Management Co. Inc. bought a new stake in Equinix in the 1st quarter valued at $30,000. Finally, Saudi Central Bank bought a new stake in Equinix in the 1st quarter valued at $31,000. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $846.01 on Monday. The company’s 50 day moving average price is $796.54 and its two-hundred day moving average price is $816.90. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The firm has a market cap of $83.07 billion, a PE ratio of 77.47, a PEG ratio of 1.38 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the business posted $9.05 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio is 171.79%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen boosted their price target on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday. Guggenheim assumed coverage on Equinix in a research note on Thursday, July 10th. They issued a “buy” rating and a $933.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday. Cfra Research lowered shares of Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley started coverage on shares of Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price on the stock. Five 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. Based on data from MarketBeat.com, Equinix has an average rating of “Buy” and a consensus price target of $960.76.

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.