New York State Common Retirement Fund Lowers Stake in Equinix, Inc. $EQIX

New York State Common Retirement Fund decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 126,155 shares of the financial services provider’s stock after selling 4,766 shares during the period. New York State Common Retirement Fund’s holdings in Equinix were worth $100,353,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in 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 last quarter. Westside Investment Management Inc. boosted its holdings in shares of Equinix by 190.9% during the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Equinix in the second quarter valued at $26,000. Bank of Jackson Hole Trust increased its stake in Equinix by 70.0% in the second quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in Equinix in the second quarter valued at $28,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on EQIX shares. Dbs Bank raised Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. TD Cowen raised their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. BMO Capital Markets set a $900.00 price target on shares of Equinix and gave the company a “market perform” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $961.33.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the transaction, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. This trade represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,641 shares of company stock valued at $4,394,531. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 0.4%

NASDAQ EQIX opened at $753.74 on Friday. The firm has a market capitalization of $74.01 billion, a price-to-earnings ratio of 69.02, a PEG ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a one year low of $701.41 and a one year high of $991.93. The company’s 50 day moving average price is $799.11 and its 200 day moving average price is $809.48.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is currently 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.