Public Employees Retirement System of Ohio Purchases 727 Shares of Equinix, Inc. (NASDAQ:EQIX)

Public Employees Retirement System of Ohio increased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,118 shares of the financial services provider's stock after purchasing an additional 727 shares during the period. Equinix accounts for 0.7% of Public Employees Retirement System of Ohio's portfolio, making the stock its 22nd largest holding. Public Employees Retirement System of Ohio owned 0.18% of Equinix worth $158,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Groupama Asset Managment raised its position in shares of Equinix by 6.6% during the 3rd quarter. Groupama Asset Managment now owns 37,134 shares of the financial services provider's stock valued at $330,000 after purchasing an additional 2,314 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Equinix by 1.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 147,769 shares of the financial services provider's stock valued at $131,164,000 after purchasing an additional 2,668 shares during the period. Dunhill Financial LLC raised its position in shares of Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 25 shares during the period. Brookfield Corp ON raised its position in shares of Equinix by 67.3% during the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock valued at $71,685,000 after purchasing an additional 32,481 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Equinix during the 3rd quarter valued at $276,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Up 1.2 %

Equinix stock traded up $11.20 during trading hours on Monday, hitting $985.00. The company had a trading volume of 541,544 shares, compared to its average volume of 531,727. The firm has a market cap of $95.04 billion, a P/E ratio of 88.82, a P/E/G ratio of 2.54 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a 50-day moving average price of $911.22 and a two-hundred day moving average price of $839.57.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.73%. Equinix's dividend payout ratio (DPR) is 153.65%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EQIX. Evercore ISI lifted their price target on shares of Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Mizuho lifted their price target on shares of Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a report on Thursday, September 12th. TD Cowen lifted their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Cfra reissued a "hold" rating on shares of Equinix in a research note on Tuesday, September 24th. Finally, Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $962.56.

Insider Buying and Selling at Equinix

In other news, CEO Adaire Fox-Martin sold 2,965 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the sale, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares of the company's stock, valued at approximately $7,729,900. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,262 shares of company stock valued at $8,640,618 in the last three months. Company insiders own 0.27% of the company's stock.

Equinix Company 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.