Equinix, Inc. $EQIX Shares Purchased by Strs Ohio

Strs Ohio increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,257 shares of the financial services provider’s stock after purchasing an additional 11,590 shares during the period. Strs Ohio owned 0.14% of Equinix worth $108,288,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EQIX. Vanguard Group Inc. raised its holdings in Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock worth $10,443,758,000 after purchasing an additional 222,221 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Equinix by 298,148.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after purchasing an additional 8,154,365 shares during the last quarter. State Street Corp boosted its stake in Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after purchasing an additional 220,981 shares during the period. Norges Bank acquired a new stake in Equinix during the 2nd quarter worth approximately $892,431,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Equinix by 3.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,102,423 shares of the financial services provider’s stock valued at $876,944,000 after purchasing an additional 38,936 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EQIX shares. JPMorgan Chase & Co. raised their target price on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Truist Financial upped their price objective on Equinix from $961.00 to $973.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. HSBC set a $1,050.00 target price on Equinix and gave the company a “buy” rating in a report on Thursday, January 15th. UBS Group set a $959.00 price target on shares of Equinix in a research note on Wednesday, January 14th. Finally, Barclays reiterated a “positive” rating and issued a $870.00 price target on shares of Equinix in a report on Tuesday, January 13th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $959.64.

Equinix Stock Down 0.3%

Shares of NASDAQ EQIX opened at $792.76 on Friday. The firm has a market cap of $77.84 billion, a price-to-earnings ratio of 72.60, a PEG ratio of 1.24 and a beta of 1.05. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $953.41. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s 50-day simple moving average is $764.71 and its 200-day simple moving average is $782.70.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,051 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the completion of the sale, the chief financial officer directly owned 26,373 shares of the company’s stock, valued at approximately $21,208,375.41. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 1,333 shares of Equinix stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.25, for a total value of $1,072,065.25. Following the transaction, the insider owned 9,551 shares in the company, valued at $7,681,391.75. This represents a 12.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,590 shares of company stock valued at $15,366,046 over the last quarter. Insiders own 0.27% of the company’s stock.

Equinix 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.