Teacher Retirement System of Texas Acquires 42,689 Shares of Equinix, Inc. (NASDAQ:EQIX)

Teacher Retirement System of Texas grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 152.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,755 shares of the financial services provider’s stock after acquiring an additional 42,689 shares during the quarter. Teacher Retirement System of Texas’ holdings in Equinix were worth $66,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EQIX. Principal Financial Group Inc. boosted its holdings in Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Equinix in the third quarter valued at about $224,000. Empowered Funds LLC lifted its stake in shares of Equinix by 8.9% in the third quarter. Empowered Funds LLC now owns 2,100 shares of the financial services provider’s stock valued at $1,864,000 after buying an additional 171 shares during the period. Claro Advisors LLC bought a new stake in shares of Equinix in the 3rd quarter worth approximately $251,000. Finally, Caprock Group LLC lifted its position in shares of Equinix by 15.0% in the 3rd quarter. Caprock Group LLC now owns 2,036 shares of the financial services provider’s stock worth $1,808,000 after acquiring an additional 265 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Stock Up 1.7 %

NASDAQ:EQIX opened at $855.33 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a market cap of $83.25 billion, a price-to-earnings ratio of 100.04, a P/E/G ratio of 1.78 and a beta of 0.74. The stock’s fifty day moving average price is $906.85 and its two-hundred day moving average price is $908.67.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Equinix’s previous quarterly dividend of $4.26. Equinix’s dividend payout ratio is 219.42%.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets reduced their target price on Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Royal Bank of Canada raised their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Oppenheimer lifted their price objective on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Equinix has an average rating of “Buy” and a consensus price target of $989.35.

Insider Activity

In related news, Chairman Charles J. Meyers sold 5,788 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total transaction of $5,265,980.28. Following the sale, the chairman now owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,054 shares of company stock valued at $17,466,950 in the last 90 days. 0.27% of the stock is owned by company insiders.

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.