Texas Permanent School Fund Corp Purchases 22 Shares of Equinix, Inc. (NASDAQ:EQIX)

Texas Permanent School Fund Corp raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,406 shares of the financial services provider’s stock after purchasing an additional 22 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Equinix were worth $16,016,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Lido Advisors LLC lifted its position in shares of Equinix by 10.6% during the 3rd quarter. Lido Advisors LLC now owns 720 shares of the financial services provider’s stock valued at $523,000 after buying an additional 69 shares in the last quarter. Braun Stacey Associates Inc. lifted its holdings in Equinix by 968.1% in the 3rd quarter. Braun Stacey Associates Inc. now owns 28,614 shares of the financial services provider’s stock worth $20,781,000 after purchasing an additional 25,935 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Equinix by 5.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 19,052 shares of the financial services provider’s stock worth $13,837,000 after purchasing an additional 1,066 shares in the last quarter. Bar Harbor Wealth Management purchased a new position in Equinix in the 3rd quarter worth approximately $1,188,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Equinix by 5.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,514 shares of the financial services provider’s stock worth $2,552,000 after purchasing an additional 182 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Equinix Trading Up 2.8 %

Shares of NASDAQ EQIX traded up $21.84 during trading hours on Thursday, hitting $797.80. 459,343 shares of the company traded hands, compared to its average volume of 585,720. The company’s 50 day moving average price is $759.69 and its 200 day moving average price is $797.66. The stock has a market capitalization of $75.72 billion, a price-to-earnings ratio of 80.02, a price-to-earnings-growth ratio of 2.63 and a beta of 0.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.14%. The ex-dividend date was Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Oppenheimer boosted their price target on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Morgan Stanley lowered their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target on the stock. in a report on Wednesday, March 20th. Royal Bank of Canada decreased their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average target price of $872.38.

About Equinix

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.