Teachers Insurance & Annuity Association of America raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 77,765 shares of the financial services provider’s stock after buying an additional 4,438 shares during the period. Equinix comprises 1.2% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 10th largest position. Teachers Insurance & Annuity Association of America owned approximately 0.10% of Equinix worth $33,374,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EQIX. Cpcm LLC boosted its stake in Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock worth $502,000 after buying an additional 5 shares during the period. Proficio Capital Partners LLC boosted its stake in Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after buying an additional 7 shares during the period. Conning Inc. boosted its stake in Equinix by 0.6% in the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock worth $665,000 after buying an additional 10 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Equinix by 2.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 593 shares of the financial services provider’s stock worth $237,000 after buying an additional 12 shares during the period. Finally, New Amsterdam Partners LLC NY boosted its stake in Equinix by 2.7% in the second quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock worth $245,000 after buying an additional 15 shares during the period. 94.41% of the stock is currently owned by institutional investors.

Equinix, Inc. (NASDAQ:EQIX) traded down 0.52% on Friday, hitting $465.96. The company’s stock had a trading volume of 348,561 shares. The company has a market capitalization of $36.32 billion, a P/E ratio of 171.12 and a beta of 0.56. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $470.44. The company has a 50 day moving average price of $449.75 and a 200-day moving average price of $420.46.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, equities analysts forecast that Equinix, Inc. will post $3.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be issued a $2.00 dividend. The ex-dividend date is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.72%. Equinix’s dividend payout ratio is currently 293.04%.

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EQIX has been the topic of several recent analyst reports. Barclays PLC reissued an “equal weight” rating and set a $475.00 target price (up previously from $410.00) on shares of Equinix in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $525.00 target price on shares of Equinix in a report on Monday, June 12th. Nomura initiated coverage on Equinix in a report on Thursday, May 25th. They set a “buy” rating and a $490.00 target price on the stock. Royal Bank Of Canada boosted their target price on Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Finally, BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Equinix currently has a consensus rating of “Buy” and a consensus price target of $464.78.

In related news, CEO Stephen M. Smith sold 5,348 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total value of $2,313,544.80. Following the transaction, the chief executive officer now directly owns 18,967 shares in the company, valued at $8,205,124.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Keith D. Taylor sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $435.62, for a total transaction of $1,089,050.00. Following the completion of the transaction, the chief financial officer now owns 35,015 shares in the company, valued at $15,253,234.30. The disclosure for this sale can be found here. Insiders sold 22,393 shares of company stock worth $9,843,276 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

About Equinix

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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