Equinix, Inc. (NASDAQ:EQIX) Stake Boosted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,881 shares of the financial services provider's stock after purchasing an additional 1,211 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Equinix were worth $14,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Inspire Trust Co. N.A. grew its holdings 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 buying an additional 11 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Equinix by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after purchasing an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock worth $340,000 after purchasing an additional 11 shares during the period. Ritholtz Wealth Management grew its position in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after buying an additional 12 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its position in Equinix by 1.2% during the 4th 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 during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the sale, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kurt Pletcher sold 215 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the transaction, the insider now owns 1,245 shares of the company's stock, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,040 shares of company stock worth $6,547,068. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EQIX shares. Wolfe Research upgraded shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a research note on Thursday, March 27th. Oppenheimer raised their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Barclays increased their price objective on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Wells Fargo & Company cut their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Scotiabank dropped their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $1,004.94.

Equinix Trading Up 2.6 %

NASDAQ:EQIX traded up $20.91 during mid-day trading on Friday, reaching $838.10. The company's stock had a trading volume of 605,304 shares, compared to its average volume of 551,699. 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 $81.98 billion, a P/E ratio of 98.02, a P/E/G ratio of 1.78 and a beta of 0.95. The company's fifty day simple moving average is $837.08 and its two-hundred day simple moving average is $895.26. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

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

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid 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 2.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix's payout ratio is currently 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.