150,172 Shares in Equinix, Inc. $EQIX Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 150,172 shares of the financial services provider’s stock, valued at approximately $156,538,000. Public Employees Retirement System of Ohio owned about 0.15% of Equinix as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY bought a new position in shares of Equinix in the second quarter valued at about $203,930,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Equinix by 6.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after buying an additional 3,108 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Equinix during the 2nd quarter worth about $1,181,260,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Equinix by 5,149.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock worth $98,143,000 after buying an additional 125,657 shares during the period. Finally, Generali Asset Management SPA SGR grew its stake in Equinix by 17.8% in the 4th quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock valued at $7,487,000 after buying an additional 1,478 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX opened at $1,076.45 on Friday. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day simple moving average is $1,051.56 and its 200 day simple moving average is $1,031.20. The firm has a market cap of $106.22 billion, a price-to-earnings ratio of 69.31, a P/E/G ratio of 1.53 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm posted $9.91 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 7,986 shares of company stock worth $8,370,777. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EQIX. Royal Bank Of Canada increased their price target on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. HSBC restated a “buy” rating and set a $1,400.00 price objective on shares of Equinix in a report on Friday, August 14th. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. The Goldman Sachs Group lifted their price target on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Mizuho boosted their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

About Equinix

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.