New York State Common Retirement Fund Trims Position in Equinix, Inc. $EQIX

New York State Common Retirement Fund lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,155 shares of the financial services provider’s stock after selling 4,766 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Equinix worth $100,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Equinix by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after purchasing an additional 222,221 shares during the last quarter. Valeo Financial Advisors LLC grew its position in 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 buying an additional 8,154,365 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after buying an additional 291,753 shares during the period. Northern Trust Corp raised its position in Equinix by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider’s stock worth $1,243,013,000 after buying an additional 40,734 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider’s stock worth $1,087,334,000 after acquiring an additional 25,290 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 50 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $777.58, for a total value of $38,879.00. Following the completion of the sale, the director directly owned 17,782 shares in the company, valued at approximately $13,826,927.56. The trade was a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,641 shares of company stock valued at $4,394,531. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EQIX shares. Citigroup reissued a “market outperform” rating on shares of Equinix in a report on Tuesday, November 4th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Finally, Daiwa Capital Markets set a $917.00 price objective on Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $961.33.

Equinix Stock Performance

EQIX opened at $753.74 on Friday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $991.93. The stock has a market cap of $74.01 billion, a P/E ratio of 69.02, a P/E/G ratio of 1.38 and a beta of 0.92. The stock’s 50 day simple moving average is $799.11 and its 200 day simple moving average is $809.48. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.Equinix’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

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.