TIAA Trust National Association Has $3.42 Million Position in Equinix, Inc. (NASDAQ:EQIX)

TIAA Trust National Association boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 126.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,243 shares of the financial services provider’s stock after acquiring an additional 2,372 shares during the quarter. TIAA Trust National Association’s holdings in Equinix were worth $3,417,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Equinix by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock valued at $109,459,000 after buying an additional 12,129 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Equinix by 20.3% in the fourth quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock valued at $19,699,000 after buying an additional 4,132 shares in the last quarter. Naples Global Advisors LLC acquired a new stake in shares of Equinix in the fourth quarter valued at $209,000. Eventide Asset Management LLC increased its stake in shares of Equinix by 11.4% in the third quarter. Eventide Asset Management LLC now owns 10,606 shares of the financial services provider’s stock valued at $7,703,000 after buying an additional 1,082 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Equinix by 11.7% in the fourth quarter. Global Retirement Partners LLC now owns 906 shares of the financial services provider’s stock valued at $742,000 after buying an additional 95 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other news, EVP Scott Crenshaw sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the sale, the executive vice president now owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Scott Crenshaw sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total transaction of $383,166.20. Following the sale, the executive vice president now owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the sale, the insider now directly owns 14,002 shares in the company, valued at approximately $11,661,425.68. The disclosure for this sale can be found here. Insiders have sold a total of 18,282 shares of company stock valued at $14,788,771 over the last 90 days. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EQIX. BMO Capital Markets raised their target price on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Wells Fargo & Company raised their price target on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price target on shares of Equinix in a report on Wednesday, March 13th. Barclays decreased their price target on Equinix from $788.00 to $781.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Finally, HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $868.72.

Check Out Our Latest Research Report on Equinix

Equinix Price Performance

Shares of EQIX opened at $792.67 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 1 year low of $672.88 and a 1 year high of $914.93. The stock has a market cap of $75.00 billion, a P/E ratio of 76.88, a price-to-earnings-growth ratio of 1.91 and a beta of 0.58. The stock’s 50-day moving average price is $851.30 and its two-hundred day moving average price is $799.32.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio is currently 165.28%.

Equinix Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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