Robeco Institutional Asset Management B.V. Has $44.10 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Robeco Institutional Asset Management B.V. increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,086 shares of the financial services provider's stock after purchasing an additional 3,907 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Equinix worth $44,099,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Legacy Financial Advisors Inc. raised its position in shares of Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock worth $340,000 after acquiring an additional 11 shares during the last quarter. Lake Street Advisors Group LLC increased its position in Equinix by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock worth $713,000 after purchasing an additional 12 shares during the period. First Financial Bankshares Inc raised its holdings in Equinix by 0.5% during the 4th quarter. First Financial Bankshares Inc now owns 2,470 shares of the financial services provider's stock worth $2,329,000 after purchasing an additional 13 shares during the last quarter. Nemes Rush Group LLC raised its holdings in Equinix by 18.3% during the 4th quarter. Nemes Rush Group LLC now owns 84 shares of the financial services provider's stock worth $79,000 after purchasing an additional 13 shares during the last quarter. Finally, Griffin Asset Management Inc. lifted its position in Equinix by 0.7% during the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EQIX. Cfra Research raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Mizuho dropped their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company reduced their price target on Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday. Bank of America decreased their price objective on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research note on Thursday. Finally, BNP Paribas upgraded Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat, Equinix presently has an average rating of "Buy" and an average target price of $977.30.

Insider Activity

In related news, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the completion of the sale, the director now directly owns 17,569 shares in the company, valued at $15,274,664.29. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the transaction, the insider now owns 1,842 shares in the company, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,176 shares of company stock worth $2,808,008. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

Shares of Equinix stock opened at $745.53 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $72.93 billion, a price-to-earnings ratio of 77.50, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a 50-day simple moving average of $867.36 and a two-hundred day simple moving average of $882.41.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.01 by $0.66. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.86 earnings per share. Analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix's dividend payout ratio is currently 195.01%.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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