Equinix, Inc. $EQIX Shares Bought by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Equinix by 1.5%, owning 179,481 shares valued at approximately $142.77 million, making it the 27th largest holding in its portfolio.
• Several analysts recently revised their price targets for Equinix, with an average target price now standing at $962.52, reflecting a mix of ratings from Strong Buy to Hold.
• Equinix announced a quarterly dividend of $4.69 per share, resulting in a yield of 2.3%, despite a high payout ratio of 183.74%.

Public Employees Retirement System of Ohio grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,481 shares of the financial services provider's stock after acquiring an additional 2,653 shares during the period. Equinix comprises about 0.5% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 27th biggest holding. Public Employees Retirement System of Ohio owned approximately 0.18% of Equinix worth $142,772,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Ballentine Partners LLC grew its stake in shares of Equinix by 14.1% during the second quarter. Ballentine Partners LLC now owns 1,561 shares of the financial services provider's stock valued at $1,242,000 after acquiring an additional 193 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Equinix during the second quarter valued at about $222,000. CCM Investment Advisers LLC grew its stake in shares of Equinix by 0.5% during the second quarter. CCM Investment Advisers LLC now owns 13,322 shares of the financial services provider's stock valued at $10,597,000 after acquiring an additional 72 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of Equinix by 12.0% during the second quarter. CHICAGO TRUST Co NA now owns 440 shares of the financial services provider's stock valued at $350,000 after acquiring an additional 47 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Equinix by 24.8% during the second quarter. GAMMA Investing LLC now owns 1,363 shares of the financial services provider's stock valued at $1,084,000 after acquiring an additional 271 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 404 shares of the business'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 owned 6,378 shares of the company's stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EQIX shares. Wells Fargo & Company lowered their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. JPMorgan Chase & Co. lifted their price target on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JMP Securities reiterated a "market outperform" rating and issued a $1,200.00 price target on shares of Equinix in a research note on Tuesday, July 22nd. Cfra Research downgraded Equinix from a "moderate buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus decreased their price target on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Equinix currently has an average rating of "Buy" and an average target price of $962.52.

Equinix Stock Performance

EQIX opened at $803.28 on Wednesday. The business's 50 day moving average is $783.03 and its 200-day moving average is $817.64. The stock has a market cap of $78.61 billion, a PE ratio of 78.68, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the company earned $9.22 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

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

Equinix 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.

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