Generali Asset Management SPA SGR Raises Stock Holdings in Equinix, Inc. $EQIX

Generali Asset Management SPA SGR lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,772 shares of the financial services provider’s stock after buying an additional 1,478 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Equinix were worth $7,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EQIX. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Equinix by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock worth $426,444,000 after acquiring an additional 7,409 shares during the period. Douglas Lane & Associates LLC raised its stake in Equinix by 3.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after purchasing an additional 4,241 shares during the period. JPMorgan Chase & Co. lifted its holdings in Equinix by 25.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after purchasing an additional 588,967 shares in the last quarter. Chilton Capital Management LLC boosted its stake in Equinix by 5.1% in the 3rd quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider’s stock worth $28,908,000 after purchasing an additional 1,805 shares during the period. Finally, Foresight Group Ltd Liability Partnership boosted its stake in Equinix by 10.0% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock worth $20,425,000 after purchasing an additional 2,378 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Up 0.5%

Shares of NASDAQ EQIX opened at $1,072.08 on Friday. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $105.73 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 2.01 and a beta of 1.01. The business’s 50 day moving average price is $1,013.11 and its 200-day moving average price is $877.22.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business earned $9.67 EPS. Equinix’s revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup reiterated an “outperform” rating on shares of Equinix in a research report on Thursday, April 30th. TD Cowen upped their target price on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 target price on shares of Equinix in a research note on Tuesday. HSBC boosted their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Barclays increased their price objective on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

Insider Activity at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Lin sold 635 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares in the company, valued at $10,418,079.48. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,604 shares of company stock worth $11,848,264 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Equinix Company Profile

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.