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

Robeco Institutional Asset Management B.V. decreased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,179 shares of the financial services provider's stock after selling 3,437 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Equinix worth $47,313,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EQIX. Van ECK Associates Corp lifted its holdings in shares of Equinix by 9.2% in the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider's stock valued at $18,099,000 after buying an additional 1,716 shares during the period. Brookfield Corp ON lifted its holdings in Equinix by 67.3% in the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock valued at $71,685,000 after acquiring an additional 32,481 shares during the last quarter. E. Ohman J or Asset Management AB boosted its position in shares of Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider's stock valued at $33,215,000 after purchasing an additional 1,103 shares in the last quarter. Thematics Asset Management grew its stake in shares of Equinix by 17.7% in the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider's stock worth $35,462,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Equinix by 46.1% in the 4th quarter. Nordea Investment Management AB now owns 294,696 shares of the financial services provider's stock worth $278,712,000 after purchasing an additional 92,975 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQIX. Scotiabank lifted 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 report on Thursday, January 23rd. TD Cowen lifted their price target on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Citizens Jmp raised Equinix to a "strong-buy" rating in a research report on Monday. Wells Fargo & Company upped their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price target on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $997.53.

Insider Activity at Equinix

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was 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 owns 3,069 shares in the company, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the sale, the insider now directly owns 6,505 shares in the company, valued at $5,886,959.95. This represents a 20.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,549 shares of company stock worth $18,036,455. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 2.9 %

EQIX traded up $26.35 during mid-day trading on Thursday, hitting $934.58. The stock had a trading volume of 51,119 shares, compared to its average volume of 514,847. The stock's fifty day simple moving average is $943.79 and its 200-day simple moving average is $885.21. 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 firm has a market capitalization of $90.18 billion, a price-to-earnings ratio of 84.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03.

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.