Robeco Institutional Asset Management B.V. lessened its holdings in shares of Equinix Inc (NASDAQ:EQIX) by 17.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,255 shares of the financial services provider’s stock after selling 3,425 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Equinix were worth $6,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Edgewood Management LLC lifted its holdings in shares of Equinix by 19.4% during the 1st quarter. Edgewood Management LLC now owns 2,206,596 shares of the financial services provider’s stock valued at $922,666,000 after purchasing an additional 357,966 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Equinix by 12.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,084,542 shares of the financial services provider’s stock valued at $871,629,000 after acquiring an additional 226,090 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Equinix by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,152,009 shares of the financial services provider’s stock valued at $481,699,000 after acquiring an additional 38,604 shares during the period. JPMorgan Chase & Co. increased its position in shares of Equinix by 1.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,141,963 shares of the financial services provider’s stock valued at $477,500,000 after acquiring an additional 17,810 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Equinix by 14.7% in the 1st quarter. Franklin Resources Inc. now owns 984,057 shares of the financial services provider’s stock valued at $411,506,000 after acquiring an additional 126,472 shares during the period. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Several equities analysts recently issued reports on EQIX shares. Credit Suisse Group upped their target price on Equinix from $519.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, April 27th. ValuEngine downgraded Equinix from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Zacks Investment Research raised Equinix from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Deutsche Bank cut their target price on Equinix from $550.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, May 31st. Finally, BidaskClub downgraded Equinix from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $507.10.

Shares of EQIX opened at $438.77 on Friday. The stock has a market cap of $34.76 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.47 and a beta of 0.51. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.29 and a current ratio of 1.29. Equinix Inc has a fifty-two week low of $370.79 and a fifty-two week high of $495.35.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.08). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Equinix had a return on equity of 7.22% and a net margin of 5.71%. Equinix’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. analysts expect that Equinix Inc will post 18.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 22nd will be given a dividend of $2.28 per share. This represents a $9.12 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 21st. Equinix’s dividend payout ratio is currently 49.22%.

In other Equinix news, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $392.75, for a total transaction of $785,500.00. Following the sale, the chief financial officer now directly owns 26,241 shares of the company’s stock, valued at approximately $10,306,152.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles J. Meyers sold 400 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $397.49, for a total value of $158,996.00. Following the sale, the insider now directly owns 4,116 shares in the company, valued at $1,636,068.84. The disclosure for this sale can be found here. Insiders have sold a total of 6,400 shares of company stock worth $2,680,916 over the last ninety days. 0.51% of the stock is owned by insiders.

About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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