Teachers Retirement System of The State of Kentucky Has $19.55 Million Stake in Equinix, Inc. $EQIX

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 16.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 19,939 shares of the financial services provider’s stock after selling 4,064 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Equinix were worth $19,545,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Douglas Lane & Associates LLC increased its position in shares of Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after purchasing an additional 4,241 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Equinix by 6.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after purchasing an additional 3,108 shares during the period. Vanderbilt University lifted its position in Equinix by 65.9% in the fourth quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after purchasing an additional 4,089 shares during the period. Perigon Wealth Management LLC boosted its stake in Equinix by 141.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 1,860 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Equinix by 5,149.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock worth $98,143,000 after buying an additional 125,657 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a research report on Tuesday, May 5th. Barclays raised their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Finally, Mizuho upped their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $1,155.64.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,115 shares of company stock worth $12,022,574 in the last three months. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX opened at $1,039.53 on Tuesday. The firm has a market cap of $102.52 billion, a price-to-earnings ratio of 71.94, a PEG ratio of 1.95 and a beta of 0.98. The company has a 50 day moving average of $1,065.29 and a 200-day moving average of $971.05. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were paid a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s payout ratio is currently 142.84%.

Equinix Profile

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.