Teacher Retirement System of Texas Buys 31,658 Shares of Equinix, Inc. (EQIX)
Teacher Retirement System of Texas boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3,927.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,464 shares of the financial services provider’s stock after purchasing an additional 31,658 shares during the period. Teacher Retirement System of Texas’ holdings in Equinix were worth $14,489,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Proficio Capital Partners LLC grew its position in shares of Equinix by 2.9% during the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Equinix in the second quarter worth $127,000. Smithfield Trust Co. grew its holdings in Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 54 shares during the last quarter. Bienville Capital Management LLC purchased a new stake in shares of Equinix during the second quarter valued at $213,000. Finally, Gilbert & Cook Inc. purchased a new stake in shares of Equinix during the second quarter valued at $217,000. Institutional investors own 95.09% of the company’s stock.
Several brokerages have recently commented on EQIX. BidaskClub lowered shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $497.00 target price (up previously from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Berenberg Bank began coverage on shares of Equinix in a research note on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price objective for the company. Cowen and Company restated a “buy” rating on shares of Equinix in a research report on Friday, July 21st. Finally, Deutsche Bank AG began coverage on shares of Equinix in a report on Tuesday, October 24th. They set a “buy” rating and a $550.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $495.20.
In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total value of $657,690.00. Following the completion of the sale, the chief financial officer now owns 31,393 shares of the company’s stock, valued at $13,764,574.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total value of $95,874.00. Following the completion of the sale, the insider now directly owns 1,125 shares of the company’s stock, valued at approximately $539,291.25. The disclosure for this sale can be found here. Insiders have sold 7,760 shares of company stock valued at $3,555,070 in the last ninety days. 0.58% of the stock is currently owned by insiders.
Shares of Equinix, Inc. (NASDAQ EQIX) traded up $0.67 during midday trading on Friday, reaching $475.09. The company’s stock had a trading volume of 528,400 shares, compared to its average volume of 500,355. The firm has a market cap of $37,115.63, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.91 and a beta of 0.46. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a 52-week low of $327.37 and a 52-week high of $495.35.
Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $1.39 by $2.24. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the company earned $3.95 earnings per share. research analysts expect that Equinix, Inc. will post 16.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.68%. Equinix’s dividend payout ratio is currently 264.03%.
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Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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