Van Lanschot Kempen Investment Management N.V. Trims Holdings in Equinix, Inc. $EQIX

Key Points

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Van Lanschot Kempen Investment Management N.V. trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 36.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,392 shares of the financial services provider's stock after selling 16,557 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Equinix were worth $23,965,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider's stock valued at $10,523,576,000 after buying an additional 242,121 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Equinix by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock valued at $1,793,429,000 after buying an additional 14,294 shares during the period. JPMorgan Chase & Co. increased its stake in Equinix by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider's stock valued at $1,296,871,000 after buying an additional 291,753 shares during the period. Northern Trust Corp increased its stake in Equinix by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,524,515 shares of the financial services provider's stock valued at $1,243,013,000 after buying an additional 40,734 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Equinix by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,635 shares of the financial services provider's stock valued at $1,087,334,000 after buying an additional 25,290 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. The trade was a 23.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix Price Performance

Shares of NASDAQ:EQIX traded up $14.28 on Friday, reaching $786.47. 317,006 shares of the company were exchanged, compared to its average volume of 461,883. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm has a market cap of $76.96 billion, a price-to-earnings ratio of 77.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a 50-day moving average of $796.24 and a 200-day moving average of $839.14.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the company posted $9.22 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix's payout ratio is currently 183.74%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EQIX shares. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. New Street Research raised shares of Equinix to a "strong-buy" rating in a research note on Monday, April 28th. Wells Fargo & Company dropped their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Truist Financial upped their price target on shares of Equinix from $904.00 to $961.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Citigroup upped their price target on shares of Equinix from $970.00 to $990.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of "Buy" and a consensus price target of $962.52.

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.