Public Employees Retirement System of Ohio Makes New Investment in Equinix, Inc. $EQIX

Public Employees Retirement System of Ohio bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 150,172 shares of the financial services provider’s stock, valued at approximately $156,538,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 54 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 546 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in shares of Equinix in the 2nd quarter valued at $231,000. Finally, Brown Advisory Inc. increased its stake in shares of Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 29 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider directly owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,986 shares of company stock valued at $8,370,777 over the last 90 days. 0.27% of the stock is owned by insiders.

Equinix Stock Down 0.3%

Shares of NASDAQ EQIX opened at $1,076.45 on Friday. The company has a 50 day simple moving average of $1,051.56 and a 200 day simple moving average of $1,031.20. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The firm has a market cap of $106.22 billion, a PE ratio of 69.31, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the firm posted $9.91 EPS. The company’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. On average, research analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

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 issued a dividend of $5.16 per share. 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 132.90%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Guggenheim restated a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Stifel Nicolaus lifted their target price on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a report on Thursday, April 30th. Finally, Truist Financial increased their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Company 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.