Strs Ohio Has $100.76 Million Holdings in Equinix, Inc. $EQIX

Strs Ohio lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,667 shares of the financial services provider’s stock after selling 2,614 shares during the period. Strs Ohio’s holdings in Equinix were worth $100,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Adell Harriman & Carpenter Inc. grew its position in shares of Equinix by 1.3% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 20,232 shares of the financial services provider’s stock worth $16,094,000 after purchasing an additional 267 shares in the last quarter. Heritage Investors Management Corp boosted its position in shares of Equinix by 3.3% during the 2nd quarter. Heritage Investors Management Corp now owns 29,083 shares of the financial services provider’s stock worth $23,135,000 after acquiring an additional 930 shares in the last quarter. Amalgamated Bank boosted its position in shares of Equinix by 0.7% during the 2nd quarter. Amalgamated Bank now owns 18,994 shares of the financial services provider’s stock worth $15,109,000 after acquiring an additional 137 shares in the last quarter. Atria Investments Inc boosted its position in shares of Equinix by 5.4% during the 2nd quarter. Atria Investments Inc now owns 8,179 shares of the financial services provider’s stock worth $6,506,000 after acquiring an additional 421 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of Equinix during the 2nd quarter worth approximately $330,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EQIX shares. Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a research report on Wednesday, August 6th. Morgan Stanley started coverage on shares of Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target on the stock. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Cfra Research lowered shares of Equinix from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 31st. 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 company presently has a consensus rating of “Buy” and a consensus target price of $957.38.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction 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 owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $797.73 on Thursday. The company has a market cap of $78.07 billion, a price-to-earnings ratio of 78.13, a PEG ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50 day simple moving average of $794.13 and a 200 day simple moving average of $815.88. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) 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.