Equinix, Inc. (EQIX) Shares Sold by California State Teachers Retirement System

Equinix, Inc. (EQIX) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,765 shares of the financial services provider’s stock after selling 6,949 shares during the quarter. California State Teachers Retirement System’s holdings in Equinix were worth $61,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Hong Kong Ltd boosted its stake in shares of Equinix by 47.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 81 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Equinix by 1,033.3% during the 1st quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 217 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of Equinix by 9.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 27 shares during the period. San Francisco Sentry Investment Group CA bought a new position in shares of Equinix during the 2nd quarter worth approximately $127,000. Finally, Smithfield Trust Co. boosted its stake in shares of Equinix by 19.1% during the 2nd quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 54 shares during the period. Institutional investors own 94.41% of the company’s stock.

Several brokerages have recently commented on EQIX. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Barclays PLC reiterated an “equal weight” rating and set a $475.00 target price (up from $410.00) on shares of Equinix in a research note on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $482.00 target price (up from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $497.00 target price (up from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada lifted their target price on Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $470.28.

Shares of Equinix, Inc. (NASDAQ:EQIX) traded up 1.63% during trading on Wednesday, reaching $459.25. The company’s stock had a trading volume of 108,207 shares. The stock has a 50-day moving average of $454.64 and a 200-day moving average of $434.87. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $475.28. The stock has a market cap of $35.80 billion, a P/E ratio of 168.66 and a beta of 0.55.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $1.18. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Analysts predict that Equinix, Inc. will post $3.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 1.77%. The ex-dividend date was Monday, August 21st. Equinix’s dividend payout ratio is 293.04%.

In related news, Director Camp Peter Van sold 4,444 shares of Equinix stock in a transaction on Monday, August 7th. The stock was sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the completion of the sale, the director now owns 8,572 shares of the company’s stock, valued at $3,821,483.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total value of $436,120.00. Following the sale, the chief financial officer now directly owns 32,996 shares of the company’s stock, valued at approximately $14,390,215.52. The disclosure for this sale can be found here. Insiders have sold 10,711 shares of company stock valued at $4,813,045 in the last three months. 0.58% of the stock is owned by corporate insiders.

Equinix Company 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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