Robeco Institutional Asset Management B.V. Sells 13,781 Shares of Equinix, Inc. $EQIX

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,190 shares of the financial services provider’s stock after selling 13,781 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Equinix were worth $100,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Equinix in the second quarter worth $11,930,074,000. Principal Financial Group Inc. grew its holdings in shares of Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after purchasing an additional 27,643 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Equinix in the second quarter valued at $1,181,260,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Equinix in the second quarter valued at $1,163,662,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce began coverage on shares of Equinix in a research report on Tuesday. They issued an “outperform” rating and a $1,200.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, HSBC reduced their target price on shares of Equinix from $1,400.00 to $1,380.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,215.68.

Insider Buying and Selling at Equinix

In other Equinix news, Director Christopher Paisley sold 4,000 shares of Equinix stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the sale, the director owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Paladin sold 307 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the sale, the insider owned 2,450 shares of the company’s stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $995.00 on Thursday. The stock has a market capitalization of $98.18 billion, a P/E ratio of 64.07, a P/E/G ratio of 1.41 and a beta of 0.98. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $1,034.70 and a two-hundred day moving average price of $1,049.97.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were paid a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.