Van Lanschot Kempen Investment Management N.V. Lowers Stake in Equinix, Inc. (NASDAQ:EQIX)

Van Lanschot Kempen Investment Management N.V. trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.3% during the 4th quarter, Holdings Channel reports. The firm owned 45,949 shares of the financial services provider’s stock after selling 6,464 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Equinix were worth $43,325,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EQIX. Kestra Investment Management LLC bought a new position in shares of Equinix in the fourth quarter worth about $31,000. J.Safra Asset Management Corp purchased a new stake in Equinix during the 4th quarter valued at approximately $39,000. Sierra Ocean LLC purchased a new position in shares of Equinix in the fourth quarter worth $42,000. Thompson Investment Management Inc. bought a new position in shares of Equinix during the fourth quarter worth $47,000. Finally, Key Financial Inc grew its stake in Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 2,454 shares of Equinix stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total value of $2,280,600.36. Following the transaction, the chief financial officer now directly owns 24,402 shares of the company’s stock, valued at approximately $22,677,754.68. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 215 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the completion of the sale, the insider now directly owns 1,245 shares of the company’s stock, valued at $1,157,513.85. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,040 shares of company stock valued at $6,547,068 in the last 90 days. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of Equinix stock opened at $790.15 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock’s fifty day moving average price is $847.77 and its 200-day moving average price is $897.68. The firm has a market cap of $77.29 billion, a P/E ratio of 92.42, a P/E/G ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. On average, equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.37%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. Equinix’s dividend payout ratio is presently 219.42%.

Analysts Set New Price Targets

EQIX has been the subject of a number of research reports. Oppenheimer increased their price target on Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Moffett Nathanson upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Truist Financial lowered their price target on shares of Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, Mizuho decreased their price objective on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $1,005.50.

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.