Robeco Institutional Asset Management B.V. Has $47.31 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Robeco Institutional Asset Management B.V. cut its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,179 shares of the financial services provider’s stock after selling 3,437 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of Equinix worth $47,313,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Equinix by 302.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after acquiring an additional 813,666 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Equinix by 89,348.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after purchasing an additional 398,494 shares during the last quarter. Adelante Capital Management LLC raised its holdings in shares of Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock valued at $456,441,000 after purchasing an additional 344,114 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock valued at $1,188,180,000 after purchasing an additional 203,656 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Equinix by 200.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 149,274 shares of the financial services provider’s stock worth $132,500,000 after purchasing an additional 99,577 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. HSBC raised Equinix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. TD Cowen increased their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their target price on shares of Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $997.53.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of Equinix stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the sale, the insider now directly owns 6,505 shares in the company, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,549 shares of company stock valued at $18,036,455 over the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 0.2 %

Shares of Equinix stock opened at $908.23 on Thursday. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The firm has a market capitalization of $87.64 billion, a PE ratio of 81.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $944.00 and its two-hundred day moving average price is $885.05.

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.