Equinix, Inc. $EQIX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 22.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,386 shares of the financial services provider’s stock after selling 8,002 shares during the period. Teacher Retirement System of Texas’ holdings in Equinix were worth $21,450,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its position in shares of Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock valued at $6,488,728,000 after buying an additional 8,154,365 shares in the last quarter. Norges Bank acquired a new stake in Equinix in the 2nd quarter valued at about $892,431,000. Vanguard Group Inc. grew its stake in Equinix by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after acquiring an additional 222,221 shares during the last quarter. State Street Corp increased its holdings in Equinix by 3.7% during the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after acquiring an additional 220,981 shares in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in Equinix during the second quarter worth about $172,581,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Equinix news, CFO Keith D. Taylor sold 2,051 shares of Equinix stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.17, for a total value of $1,649,352.67. Following the transaction, the chief financial officer owned 26,373 shares in the company, valued at $21,208,375.41. This trade represents a 7.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Charles J. Meyers sold 2,094 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.14, for a total transaction of $1,683,869.16. Following the sale, the chairman directly owned 13,253 shares of the company’s stock, valued at $10,657,267.42. This represents a 13.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 19,590 shares of company stock valued at $15,366,046. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

EQIX stock opened at $791.27 on Friday. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $953.41. The stock’s fifty day simple moving average is $764.83 and its 200-day simple moving average is $782.91. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 72.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the firm posted $9.05 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

Analyst Ratings Changes

Several analysts have recently commented on EQIX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research report on Thursday. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Barclays reissued a “positive” rating and issued a $870.00 price target on shares of Equinix in a report on Tuesday, January 13th. UBS Group set a $959.00 price objective on Equinix in a research note on Wednesday, January 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $959.64.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.