Robeco Institutional Asset Management B.V. Sells 3,437 Shares of Equinix, Inc. (NASDAQ:EQIX)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.4% during the fourth quarter, Holdings Channel reports. The fund 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.’s holdings in Equinix were worth $47,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Quarry LP grew its stake in shares of Equinix by 124.6% during the second quarter. Quarry LP now owns 128 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 71 shares during the last quarter. Truist Financial Corp lifted its holdings in Equinix by 7.2% during the 2nd quarter. Truist Financial Corp now owns 44,837 shares of the financial services provider’s stock worth $33,924,000 after buying an additional 3,008 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Equinix by 98.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 15,067 shares of the financial services provider’s stock valued at $11,400,000 after buying an additional 7,457 shares during the last quarter. Brown Financial Advisors acquired a new stake in shares of Equinix in the 2nd quarter valued at $780,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Equinix during the second quarter worth $5,541,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, EVP Raouf Abdel sold 1,022 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the transaction, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. This represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,549 shares of company stock valued at $18,036,455 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EQIX. TD Cowen lifted their price objective on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Scotiabank boosted their price target on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research note on Thursday, January 23rd. Royal Bank of Canada increased their price objective on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays upped their target price on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus raised their price target on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $997.53.

Equinix Trading Up 0.2 %

Shares of NASDAQ:EQIX opened at $908.23 on Thursday. The firm has a market cap of $87.64 billion, a price-to-earnings ratio of 81.90, a PEG ratio of 2.20 and a beta of 0.73. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company’s fifty day simple moving average is $944.00 and its 200 day simple moving average is $885.05. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Profile

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.