Teacher Retirement System of Texas Has $66.71 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Teacher Retirement System of Texas grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 152.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,755 shares of the financial services provider's stock after purchasing an additional 42,689 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Equinix worth $66,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Inspire Trust Co. N.A. increased its stake in shares of 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 purchasing an additional 11 shares during the period. Rothschild Investment LLC grew its holdings in Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after buying an additional 11 shares in the last quarter. GS Investments Inc. increased its position in Equinix by 0.5% during the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock worth $2,087,000 after buying an additional 12 shares during the period. Ritholtz Wealth Management increased its position in 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 buying an additional 12 shares during the period. Finally, Great Lakes Retirement Inc. lifted its holdings in shares of Equinix by 1.2% during the fourth quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock worth $920,000 after buying an additional 12 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

EQIX has been the topic of several research reports. Truist Financial decreased their price target on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. BMO Capital Markets reduced their price target on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. 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 equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of "Buy" and a consensus price target of $990.06.

Insider Transactions at Equinix

In related news, CFO Keith D. Taylor sold 3,184 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total value of $2,896,866.88. Following the transaction, the chief financial officer now owns 22,076 shares in the company, valued at $20,085,186.32. The trade was a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the sale, the executive vice president now owns 6,579 shares of the company's stock, valued at approximately $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,054 shares of company stock worth $17,466,950. Company insiders own 0.27% of the company's stock.

Equinix Trading Up 2.1 %

Shares of Equinix stock traded up $17.85 during trading on Monday, hitting $852.44. The company's stock had a trading volume of 745,799 shares, compared to its average volume of 520,711. The stock has a market cap of $82.97 billion, a price-to-earnings ratio of 99.70, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The stock has a 50-day moving average price of $903.56 and a two-hundred day moving average price of $909.38.

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

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This is a positive change from Equinix's previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. This represents a $18.76 annualized dividend and a yield of 2.20%. Equinix's dividend payout ratio (DPR) is presently 219.42%.

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.