Sumitomo Mitsui DS Asset Management Company Ltd Has $34.48 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,564 shares of the financial services provider’s stock after acquiring an additional 2,620 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Equinix were worth $34,476,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EQIX. Inspire Trust Co. N.A. grew its holdings in Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 11 shares during the last quarter. GS Investments Inc. increased its position in Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock worth $2,087,000 after acquiring an additional 12 shares during the period. Ritholtz Wealth Management raised its stake in Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 12 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Finally, Fortitude Family Office LLC grew its position in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Wells Fargo & Company reduced their target price on shares of Equinix from $1,100.00 to $1,075.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial boosted their price objective on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, November 29th. JMP Securities reissued a “market outperform” rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday. Royal Bank of Canada raised their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $996.06.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $938.34 on Friday. The firm’s 50 day simple moving average is $940.14 and its 200 day simple moving average is $889.47. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a market capitalization of $90.54 billion, a price-to-earnings ratio of 84.61, a P/E/G ratio of 2.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Insider Activity

In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock valued at $15,530,564 in the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Company Profile

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.