Maryland State Retirement & Pension System Acquires 243 Shares of Equinix, Inc. $EQIX

Maryland State Retirement & Pension System grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,750 shares of the financial services provider’s stock after acquiring an additional 243 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Equinix were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management boosted its position in shares of Equinix by 121.4% in the first 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 period. Atticus Wealth Management LLC acquired a new position in shares of Equinix in the second quarter valued at $29,000. GKV Capital Management Co. Inc. acquired a new position in shares of Equinix in the first quarter valued at $30,000. Saudi Central Bank acquired a new position in shares of Equinix in the first quarter valued at $31,000. Finally, Quarry LP acquired a new position in shares of Equinix in the first quarter valued at $31,000. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent research reports. BMO Capital Markets lowered Equinix from an “outperform” rating to a “market perform” rating and cut their target price for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. UBS Group cut their target price on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Scotiabank cut their target price on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 26th. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $960.65.

Equinix Stock Performance

Equinix stock opened at $808.33 on Friday. 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 stock has a fifty day moving average price of $782.22 and a two-hundred day moving average price of $813.07. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The firm has a market capitalization of $79.10 billion, a P/E ratio of 79.17, a P/E/G ratio of 1.43 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $9.22 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were paid a $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s dividend payout ratio (DPR) is 183.74%.

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.