ABN AMRO Bank N.V. Has $170.98 Million Stock Position in Equinix, Inc. $EQIX

ABN AMRO Bank N.V. increased its position in Equinix, Inc. (NASDAQ:EQIX) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 219,072 shares of the financial services provider’s stock after purchasing an additional 3,310 shares during the quarter. Equinix accounts for 1.7% of ABN AMRO Bank N.V.’s portfolio, making the stock its 22nd biggest holding. ABN AMRO Bank N.V.’s holdings in Equinix were worth $170,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after acquiring an additional 222,221 shares in the last quarter. State Street Corp lifted its holdings in shares of Equinix by 3.7% in the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock worth $4,971,512,000 after purchasing an additional 220,981 shares in the last quarter. Principal Financial Group Inc. grew its position in Equinix by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock valued at $1,542,595,000 after purchasing an additional 56,592 shares during the period. Norges Bank bought a new stake in Equinix during the 2nd quarter valued at $892,431,000. Finally, Canada Pension Plan Investment Board increased its stake in Equinix by 3.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,102,423 shares of the financial services provider’s stock valued at $876,944,000 after purchasing an additional 38,936 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on EQIX. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. The Goldman Sachs Group downgraded Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target for the company. in a research note on Thursday, December 18th. TD Cowen reissued a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Finally, BMO Capital Markets raised Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective for the company in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $959.64.

Equinix Trading Up 0.0%

Shares of EQIX stock opened at $802.13 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $78.76 billion, a price-to-earnings ratio of 73.46, a PEG ratio of 1.25 and a beta of 1.06. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $953.41. The company has a 50-day simple moving average of $772.94 and a two-hundred day simple moving average of $785.52.

Insider Buying and Selling at Equinix

In other Equinix news, insider Jonathan Lin sold 888 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $801.78, for a total value of $711,980.64. Following the transaction, the insider directly owned 9,390 shares in the company, valued at $7,528,714.20. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurt Pletcher sold 596 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $801.78, for a total transaction of $477,860.88. Following the sale, the insider owned 3,195 shares of the company’s stock, valued at approximately $2,561,687.10. The trade was a 15.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,490 shares of company stock valued at $15,281,999 in the last three months. 0.27% of the stock is owned by corporate insiders.

About Equinix

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.