California State Teachers Retirement System Increases Stock Holdings in Equinix, Inc. $EQIX

California State Teachers Retirement System boosted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,971 shares of the financial services provider's stock after acquiring an additional 9,934 shares during the quarter. California State Teachers Retirement System owned 0.15% of Equinix worth $155,285,881 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in EQIX. Avion Wealth boosted its stake in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 11 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock worth $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont bought a new position in shares of Equinix during the second quarter valued at $34,000. Finally, Bogart Wealth LLC increased its position in shares of Equinix by 233.3% during the first quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Price Performance

NASDAQ EQIX traded up $0.30 on Tuesday, reaching $999.02. The company's stock had a trading volume of 239,127 shares, compared to its average volume of 597,075. The firm's 50 day moving average is $1,044.62 and its two-hundred day moving average is $1,040.51. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The stock has a market cap of $98.58 billion, a PE ratio of 64.39, a PEG ratio of 1.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix's dividend payout ratio is currently 132.90%.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 135 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider owned 4,077 shares of the company's stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EQIX shares. Weiss Ratings upgraded Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. Stifel Nicolaus lifted their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Cantor Fitzgerald raised their price target on Equinix from $1,186.00 to $1,211.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Finally, HSBC reiterated a "buy" rating and issued a $1,400.00 target price on shares of Equinix in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,204.80.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company's Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.

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