Mitsubishi UFJ Trust & Banking Corp Has $72.63 Million Holdings in Equinix, Inc. $EQIX

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,299 shares of the financial services provider’s stock after acquiring an additional 5,245 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Equinix were worth $72,626,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its stake in shares of Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 17 shares during the period. Westside Investment Management Inc. grew its holdings in Equinix by 190.9% in the 2nd quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Equinix in the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust lifted its holdings in shares of Equinix by 70.0% during the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Equinix in the first quarter valued at approximately $30,000. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 100 shares of Equinix stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 579 shares of company stock valued at $454,188 over the last three months. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cfra Research downgraded shares of Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Morgan Stanley began coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target on the stock. Barclays lifted their price objective on Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Finally, TD Cowen raised their target price on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix currently has an average rating of “Buy” and a consensus price target of $960.76.

Equinix Price Performance

NASDAQ:EQIX opened at $813.24 on Thursday. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a market cap of $79.85 billion, a P/E ratio of 74.47, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50-day simple moving average is $803.42 and its 200 day simple moving average is $818.06.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company earned $9.05 earnings per share. 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. As a group, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s payout ratio is 171.79%.

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.