Equinix, Inc. $EQIX Stock Position Lowered by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 195,593 shares of the financial services provider’s stock after selling 18,570 shares during the period. Equinix accounts for 2.1% of ABN AMRO Bank N.V.’s investment portfolio, making the stock its 16th largest position. ABN AMRO Bank N.V.’s holdings in Equinix were worth $193,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after purchasing an additional 107,227 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Equinix by 23.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after purchasing an additional 493,141 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Equinix by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after buying an additional 25,383 shares in the last quarter. Northern Trust Corp boosted its holdings in Equinix by 0.6% during the fourth quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock worth $1,149,628,000 after buying an additional 9,614 shares in the last quarter. Finally, Norges Bank acquired a new position in Equinix in the fourth quarter worth approximately $984,355,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX stock opened at $1,091.30 on Friday. The firm has a 50 day simple moving average of $1,079.57 and a 200 day simple moving average of $948.17. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market cap of $107.62 billion, a P/E ratio of 75.52, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EQIX shares. Sanford C. Bernstein initiated coverage on Equinix in a report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 target price for the company. Barclays boosted their price objective on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Weiss Ratings cut shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, TD Cowen boosted their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,151.67.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. The trade was a 0.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 11,539 shares of company stock worth $12,455,054. 0.27% of the stock is owned by company insiders.

About Equinix

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.