ABN AMRO Bank N.V. Decreases Stake in Equinix, Inc. $EQIX

Key Points

• ABN AMRO Bank N.V. reduced its Equinix stake by 2.2% in the fourth quarter, selling 4,909 shares and leaving it with 214,163 shares valued at about $163.7 million.
• Institutional ownership remains very high, with hedge funds and other institutional investors holding 94.94% of Equinix shares; several large firms, including UBS AM, SG Americas, JPMorgan, and Vanguard, also increased their positions.
• Equinix posted strong earnings and continues to draw bullish analyst coverage, beating EPS estimates in its latest quarter and receiving a “Moderate Buy” consensus rating with an average price target of $1,143.60.

ABN AMRO Bank N.V. cut its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,163 shares of the financial services provider's stock after selling 4,909 shares during the quarter. Equinix accounts for 1.5% of ABN AMRO Bank N.V.'s portfolio, making the stock its 24th biggest holding. ABN AMRO Bank N.V. owned 0.22% of Equinix worth $163,697,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EQIX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Equinix by 408.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider's stock worth $929,312,000 after purchasing an additional 953,001 shares in the last quarter. SG Americas Securities LLC boosted its position in Equinix by 377,167.4% during the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider's stock worth $549,190,000 after purchasing an additional 716,618 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock worth $2,252,094,000 after purchasing an additional 588,967 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Equinix by 1.2% in the third quarter. Vanguard Group Inc. now owns 13,291,679 shares of the financial services provider's stock valued at $10,410,575,000 after acquiring an additional 162,638 shares in the last quarter. Finally, Woodline Partners LP lifted its position in shares of Equinix by 1,512.2% in the third quarter. Woodline Partners LP now owns 170,199 shares of the financial services provider's stock valued at $133,307,000 after acquiring an additional 159,642 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several recent research reports. Stifel Nicolaus set a $1,075.00 price objective on Equinix in a research report on Thursday, February 12th. Zacks Research upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Mizuho upped their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Thursday. Citigroup restated an "outperform" rating on shares of Equinix in a research report on Thursday, April 30th. Finally, UBS Group upped their price objective on Equinix from $950.00 to $1,010.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Four investment 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,143.60.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,072.08 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market cap of $105.73 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 2.02 and a beta of 1.01. The stock's 50-day moving average price is $1,013.11 and its two-hundred day moving average price is $877.22. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68.

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

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix's payout ratio is 142.84%.

Insider Buying and Selling

In other Equinix news, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the sale, the insider owned 10,788 shares in the company, valued at $10,418,079.48. The trade was a 5.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 424 shares of Equinix stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total value of $432,480.00. Following the completion of the sale, the insider owned 9,970 shares of the company's stock, valued at $10,169,400. This trade represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,604 shares of company stock worth $11,848,264 over the last ninety days. Insiders own 0.27% of the company's stock.

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.

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