Robeco Institutional Asset Management B.V. Has $40.97 Million Position in Equinix, Inc. $EQIX

Robeco Institutional Asset Management B.V. lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,304 shares of the financial services provider’s stock after selling 8,233 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of Equinix worth $40,967,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. raised its holdings in Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Equinix during the 2nd quarter worth approximately $26,000. Bank of Jackson Hole Trust lifted its position in Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Abound Wealth Management boosted its stake in Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 23 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Equinix in the second quarter worth $28,000. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $776.55 on Thursday. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $953.41. The company has a market cap of $76.25 billion, a price-to-earnings ratio of 71.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. The firm has a 50 day moving average of $770.97 and a 200-day moving average of $783.76. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Equinix’s dividend payout ratio is currently 171.79%.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of analyst reports. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. BMO Capital Markets raised Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 price objective on the stock in a report on Wednesday, December 3rd. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Morgan Stanley started coverage on Equinix in a report on Thursday, October 16th. They set an “overweight” rating and a $950.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $952.05.

Insider Activity at Equinix

In other news, insider Jonathan Lin sold 124 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the transaction, the insider directly owned 8,299 shares in the company, valued at approximately $6,068,062.82. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,894 shares of Equinix stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $731.09, for a total value of $2,115,774.46. Following the sale, the chief executive officer directly owned 12,366 shares of the company’s stock, valued at approximately $9,040,658.94. This trade represents a 18.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,704 shares of company stock worth $6,617,748 in the last 90 days. 0.27% of the stock is owned by company 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.