Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,308 shares of the financial services provider's stock after purchasing an additional 427 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Equinix were worth $13,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after buying an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Equinix in the fourth quarter valued at $2,027,000. Proficio Capital Partners LLC purchased a new position in shares of Equinix during the fourth quarter worth about $246,000. Millstone Evans Group LLC acquired a new position in Equinix in the 4th quarter valued at about $120,000. Finally, Summit Global Investments raised its stake in Equinix by 69.7% during the 4th quarter. Summit Global Investments now owns 538 shares of the financial services provider's stock valued at $507,000 after acquiring an additional 221 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 0.3%

NASDAQ EQIX opened at $777.78 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $76.08 billion, a price-to-earnings ratio of 80.85, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company's fifty day moving average price is $846.17 and its two-hundred day moving average price is $862.19.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.01 by $0.66. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the firm earned $8.86 EPS. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were given a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is currently 195.01%.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,949 shares of Equinix stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the transaction, the chief executive officer owned 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the sale, the insider directly owned 1,842 shares of the company's stock, valued at $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock worth $2,808,008 over the last 90 days. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Wolfe Research downgraded shares of Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Cfra Research downgraded shares of Equinix from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, June 26th. UBS Group dropped their price target on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research note on Thursday, June 26th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $957.05.

Equinix Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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