Equinix Inc (EQIX) : Barometer Capital Management scooped up 8,500 additional shares in Equinix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 82,200 shares of Equinix Inc which is valued at $31,268,880.Equinix Inc makes up approximately 3.06% of Barometer Capital Management’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants added EQIX to its portfolio by purchasing 415 company shares during the most recent quarter which is valued at $157,866. Equinix Inc makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Partnerre Asset Management Corp boosted its stake in EQIX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 489 shares of Equinix Inc which is valued at $186,016. Equinix Inc makes up approx 0.09% of Partnerre Asset Management Corp’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in EQIX in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 20,205 shares of Equinix Inc which is valued at $7,813,476. Equinix Inc makes up approx 0.13% of Gulf International Bank (uk) Ltd’s portfolio.Chevy Chase Trust Holdings boosted its stake in EQIX in the latest quarter, The investment management firm added 1,172 additional shares and now holds a total of 59,427 shares of Equinix Inc which is valued at $23,143,845. Equinix Inc makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.Raymond James Trust N.a. reduced its stake in EQIX by selling 141 shares or 16.91% in the most recent quarter. The Hedge Fund company now holds 693 shares of EQIX which is valued at $269,889. Equinix Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.
Equinix Inc opened for trading at $380.95 and hit $381.51 on the upside on Monday, eventually ending the session at $380.4, with a gain of 0.11% or 0.43 points. The heightened volatility saw the trading volume jump to 3,37,642 shares. Company has a market cap of $26,410 M.
On the company’s financial health, Equinix Inc reported $2.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.97 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $1.17. The company had revenue of $730.50 million for the quarter, compared to analysts expectations of $715.52 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Many Wall Street Analysts have commented on Equinix Inc. Equinix Inc was Downgraded by Jefferies to ” Hold” on Jul 15, 2016. Equinix Inc was Initiated by Goldman to “Buy” on Jul 5, 2016. Company shares were Reiterated by Canaccord Genuity on May 23, 2016 to “Buy”, Firm has raised the Price Target to $ 390 from a previous price target of $370 .
Equinix Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation interconnection solutions and managed IT infrastructure services. The Company’s colocation offerings include Cabinets Power and IBXflex. Cabinets allows customer for colocating networking server and storage equipment. Power is an element of increasing importance in customers’ colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Company’s interconnection solutions enable scalable reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services such as Equinix Professional Services which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.