Teacher Retirement System of Texas reduced its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 33.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,453 shares of the financial services provider’s stock after selling 11,011 shares during the period. Teacher Retirement System of Texas’ holdings in Equinix were worth $9,723,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Nicollet Investment Management Inc. purchased a new stake in shares of Equinix in the 4th quarter valued at approximately $1,694,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Equinix by 13.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,614 shares of the financial services provider’s stock valued at $7,010,000 after purchasing an additional 1,814 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Equinix by 13.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,578 shares of the financial services provider’s stock valued at $3,435,000 after purchasing an additional 924 shares during the last quarter. WASHINGTON TRUST Co increased its position in shares of Equinix by 3.0% in the 4th quarter. WASHINGTON TRUST Co now owns 21,630 shares of the financial services provider’s stock valued at $9,804,000 after purchasing an additional 620 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Equinix by 2.2% in the 4th quarter. American Century Companies Inc. now owns 1,038,081 shares of the financial services provider’s stock valued at $470,479,000 after purchasing an additional 22,030 shares during the last quarter. 93.85% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on EQIX shares. Oppenheimer increased their target price on shares of Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Barclays raised shares of Equinix from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $475.00 to $505.00 in a research report on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and issued a $482.00 target price on shares of Equinix in a research report on Friday, November 10th. Morgan Stanley increased their target price on shares of Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded shares of Equinix from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have given a buy rating to the company’s stock. Equinix presently has a consensus rating of “Buy” and an average target price of $504.29.

Shares of Equinix, Inc. (EQIX) opened at $436.25 on Wednesday. The firm has a market cap of $33,753.93, a price-to-earnings ratio of 143.98, a P/E/G ratio of 1.49 and a beta of 0.42. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. Equinix, Inc. has a 52 week low of $361.90 and a 52 week high of $495.35.

In related news, insider Michael Earl Campbell sold 200 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $462.43, for a total transaction of $92,486.00. Following the completion of the sale, the insider now owns 925 shares in the company, valued at approximately $427,747.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Camp Peter Van sold 1,593 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total transaction of $703,389.15. Following the sale, the director now owns 5,871 shares of the company’s stock, valued at approximately $2,592,340.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,513 shares of company stock valued at $10,961,480. 0.58% of the stock is owned by company insiders.

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Equinix Profile

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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