Equinix, Inc. (EQIX) Holdings Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,458 shares of the financial services provider’s stock after buying an additional 5,947 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of Equinix worth $26,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC lifted its holdings in shares of Equinix by 2.9% in the 2nd quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 7 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Equinix by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,788 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 24 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in shares of Equinix by 0.7% in the 2nd quarter. Ashford Capital Management Inc. now owns 5,295 shares of the financial services provider’s stock valued at $2,272,000 after purchasing an additional 37 shares during the last quarter. MUFG Americas Holdings Corp lifted its holdings in shares of Equinix by 9.1% in the 2nd quarter. MUFG Americas Holdings Corp now owns 554 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 46 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Equinix by 8.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 806 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 60 shares during the last quarter. 94.34% of the stock is owned by institutional investors.

Several research firms have recently weighed in on EQIX. Credit Suisse Group reissued an “outperform” rating and issued a $515.00 target price (up from $510.00) on shares of Equinix in a report on Thursday, November 2nd. Berenberg Bank reissued a “buy” rating and issued a $550.00 target price on shares of Equinix in a report on Friday, November 3rd. UBS began coverage on Equinix in a report on Wednesday, October 18th. They issued a “neutral” rating for the company. J P Morgan Chase & Co raised Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 target price for the company in a report on Thursday, November 2nd. Finally, Deutsche Bank began coverage on Equinix in a report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 target price for the company. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $501.70.

Equinix, Inc. (NASDAQ EQIX) opened at $457.85 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. Equinix, Inc. has a 52-week low of $347.99 and a 52-week high of $495.35. The stock has a market capitalization of $35,819.44, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.46.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $3.95 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. sell-side analysts forecast that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, November 14th. Equinix’s payout ratio is 264.03%.

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total transaction of $657,690.00. Following the transaction, the chief financial officer now owns 31,393 shares in the company, valued at approximately $13,764,574.78. 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 593 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $484.99, for a total value of $287,599.07. The disclosure for this sale can be found here. Insiders have sold a total of 7,493 shares of company stock worth $3,457,395 in the last quarter. 0.58% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Equinix, Inc. (EQIX) Holdings Increased by Public Employees Retirement System of Ohio” was first posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://weekherald.com/2017/12/17/equinix-inc-eqix-holdings-increased-by-public-employees-retirement-system-of-ohio.html.

Equinix Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply