California State Teachers Retirement System Acquires 50,917,084 Shares of Nasdaq, Inc. $NDAQ

California State Teachers Retirement System lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 7,824.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,567,827 shares of the financial services provider’s stock after purchasing an additional 50,917,084 shares during the period. California State Teachers Retirement System owned about 0.09% of Nasdaq worth $4,064,576,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Nasdaq in the 2nd quarter worth $2,931,637,000. Bank of America Corp DE bought a new position in Nasdaq in the second quarter worth about $603,631,000. Norges Bank bought a new position in Nasdaq in the fourth quarter worth about $530,100,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Nasdaq during the second quarter valued at about $377,818,000. Finally, Morgan Stanley grew its position in shares of Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock worth $900,061,000 after buying an additional 3,567,843 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

More Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq Ventures agreed to invest $100 million in Payward, Kraken’s parent company, and plans to advance Nasdaq Equity Tokens for potential launch in 2027. The partnership could position Nasdaq to participate in 24/7 tokenized-equity trading and expand its digital-market infrastructure business. Nasdaq Deepens Relationship With Payward
• Positive Sentiment: The Payward agreement also includes a market-surveillance partnership, creating an opportunity for Nasdaq to generate recurring technology and compliance revenue across crypto, equities, derivatives, and tokenized assets. Nasdaq Invests in Kraken Parent
• Positive Sentiment: Short interest in NDAQ fell 34.2% to about 6.1 million shares as of August 31, equal to only 1.1% of shares outstanding and 2.3 days of average trading volume. The reduction suggests less bearish positioning and may provide a supportive technical signal.
• Positive Sentiment: Nasdaq’s global asset-manager survey identified private markets as the leading area of client demand, while 80% of firms reported using AI in product development. This supports potential growth for Nasdaq’s indexes, data, analytics, and eVestment businesses. Private Markets and AI Survey
• Neutral Sentiment: The survey also showed that demand is difficult to convert into scaled products: 71% of asset managers cited increasing competition, and only 26% use AI across multiple development stages. These findings highlight opportunity for Nasdaq but also execution challenges.
• Negative Sentiment: The tokenization opportunity remains several years away, with the targeted 2027 rollout dependent on regulatory approval, technology execution, and sufficient trading-volume adoption. Nasdaq’s $100 million investment may therefore weigh on near-term returns before producing material revenue.
• Negative Sentiment: Recent insider activity has been predominantly selling, including sales by CEO Adena Friedman and other executives, which may contribute to investor caution.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NDAQ. Zacks Research raised shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a report on Thursday, June 11th. TD Cowen reissued a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $110.30.

Nasdaq Trading Down 2.3%

NASDAQ NDAQ opened at $92.01 on Friday. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79. The company has a fifty day simple moving average of $93.99 and a two-hundred day simple moving average of $89.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $51.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.64 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is presently 36.15%.

Insider Activity

In related news, insider Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bradley Peterson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 41,797 shares of company stock worth $3,926,319. Company insiders own 0.60% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.