New York State Teachers Retirement System Increases Position in Equinix, Inc. $EQIX

Key Points

• The New York State Teachers Retirement System increased its stake in Equinix, Inc. by 2.7%, acquiring an additional 1,990 shares, bringing its total ownership to approximately $61.2 million by the end of the second quarter.
• Equinix recently declared a quarterly dividend of $4.69 per share, representing an annualized yield of 2.3%, with a payout ratio of 183.74%.
• Analysts have varied opinions on Equinix, with ratings ranging from "Strong Buy" to "Hold", and a consensus average price target of $960.14.

New York State Teachers Retirement System grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,976 shares of the financial services provider's stock after acquiring an additional 1,990 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Equinix worth $61,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EQIX. Activest Wealth Management increased its holdings in shares of 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. Atticus Wealth Management LLC purchased a new position in shares of Equinix in the 2nd quarter valued at $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix in the 1st quarter valued at $30,000. Saudi Central Bank purchased a new position in shares of Equinix in the 1st quarter valued at $31,000. Finally, Quarry LP purchased a new position in shares of Equinix in the 1st quarter valued at $31,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EQIX. BMO Capital Markets cut Equinix from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Dbs Bank raised Equinix to a "moderate buy" rating in a research report on Wednesday, August 6th. Scotiabank lowered their price objective on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. Mizuho lowered their price objective on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Equinix in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $960.14.

Equinix Stock Performance

Shares of EQIX opened at $812.77 on Friday. The stock has a 50-day moving average of $785.77 and a two-hundred day moving average of $812.68. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. 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 has a market cap of $79.54 billion, a P/E ratio of 79.61, a P/E/G ratio of 1.42 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $9.22 EPS. The firm's 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. As a group, research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

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

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of 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 position. The disclosure for this sale can be found here. 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.

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