Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,370 shares of the financial services provider's stock after acquiring an additional 27,570 shares during the quarter. Employees Retirement System of Texas owned approximately 0.08% of Equinix worth $72,951,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Inspire Trust Co. N.A. boosted its holdings in Equinix by 0.7% during the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock worth $1,509,000 after buying an additional 11 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Equinix by 1.9% during the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after acquiring an additional 11 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after acquiring an additional 12 shares in the last quarter. Great Lakes Retirement Inc. grew its position in shares of Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after acquiring an additional 12 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in shares of Equinix by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

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Analyst Ratings Changes

EQIX has been the topic of several research analyst reports. Truist Financial dropped their price objective on Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Mizuho reduced their price objective on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Barclays lifted their target price on shares of Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $1,007.59.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares of the company's stock, valued at $16,117,838.49. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Charles J. Meyers sold 5,788 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total value of $5,265,980.28. Following the sale, the chairman now directly owns 15,233 shares in the company, valued at $13,859,135.73. This represents a 27.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Up 0.8 %

EQIX traded up $6.09 during trading hours on Friday, reaching $776.83. The company's stock had a trading volume of 513,907 shares, compared to its average volume of 554,648. The business's 50-day moving average is $863.06 and its 200-day moving average is $900.92. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $75.61 billion, a PE ratio of 90.86, a P/E/G ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a $4.69 dividend. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, February 26th. Equinix's dividend payout ratio is currently 219.42%.

About Equinix

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.