TIAA CREF Investment Management LLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 310,783 shares of the financial services provider’s stock after selling 12,367 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Equinix were worth $140,853,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Edgewood Management LLC grew its position in shares of Equinix by 1.0% during the third quarter. Edgewood Management LLC now owns 1,862,778 shares of the financial services provider’s stock valued at $831,358,000 after purchasing an additional 18,248 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Equinix by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,560,124 shares of the financial services provider’s stock valued at $707,080,000 after purchasing an additional 67,029 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Equinix by 7.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,382,606 shares of the financial services provider’s stock valued at $626,624,000 after purchasing an additional 93,181 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Equinix by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,092,554 shares of the financial services provider’s stock valued at $487,600,000 after purchasing an additional 24,433 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Equinix by 2.2% in the fourth quarter. American Century Companies Inc. now owns 1,038,081 shares of the financial services provider’s stock worth $470,479,000 after acquiring an additional 22,030 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

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Shares of Equinix, Inc. (EQIX) opened at $419.89 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $32,897.88, a PE ratio of 140.43, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56. Equinix, Inc. has a 12 month low of $370.79 and a 12 month high of $495.35.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Equinix had a return on equity of 6.54% and a net margin of 5.33%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 EPS. equities analysts forecast that Equinix, Inc. will post 18.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th will be paid a $2.28 dividend. The ex-dividend date is Friday, February 23rd. This represents a $9.12 annualized dividend and a yield of 2.17%. This is an increase from Equinix’s previous quarterly dividend of $2.00. Equinix’s dividend payout ratio (DPR) is presently 305.02%.

In other news, CEO Stephen M. Smith sold 10,706 shares of Equinix stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $443.10, for a total transaction of $4,743,828.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Earl Campbell sold 464 shares of Equinix stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $402.05, for a total transaction of $186,551.20. The disclosure for this sale can be found here. In the last three months, insiders sold 37,499 shares of company stock valued at $15,869,591. 0.58% of the stock is owned by insiders.

Several research analysts recently commented on EQIX shares. Credit Suisse Group set a $524.00 price target on Equinix and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. BidaskClub lowered Equinix from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Wells Fargo dropped their price target on Equinix from $510.00 to $485.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Oppenheimer lifted their price target on Equinix to $525.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Finally, Barclays reiterated a “buy” rating and issued a $500.00 price target on shares of Equinix in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $499.00.

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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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