Van Lanschot Kempen Investment Management N.V. Has $29.08 Million Stock Holdings in Equinix, Inc. $EQIX

Van Lanschot Kempen Investment Management N.V. lessened its position in Equinix, Inc. (NASDAQ:EQIX) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,949 shares of the financial services provider’s stock after selling 1,478 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Equinix were worth $29,075,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. Ameriflex Group Inc. raised its position in Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after buying an additional 28 shares during the last quarter. WPG Advisers LLC raised its position in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares during the last quarter. Activest Wealth Management raised its position in Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after buying an additional 22 shares during the last quarter. Finally, Rossby Financial LCC raised its position in Equinix by 111.5% in the 4th quarter. Rossby Financial LCC now owns 55 shares of the financial services provider’s stock valued at $42,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays boosted their price target on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Finally, Scotiabank boosted their price target on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Insiders Place Their Bets

In related news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 11,539 shares of company stock valued at $12,455,054. 0.27% of the stock is owned by insiders.

Equinix Stock Up 1.2%

NASDAQ:EQIX opened at $1,055.85 on Friday. The firm has a market capitalization of $104.13 billion, a price-to-earnings ratio of 73.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The stock’s 50 day moving average price is $1,066.23 and its two-hundred day moving average price is $923.59. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. 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.