Edgestream Partners buys $3,958,107 stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Edgestream Partners scooped up 9,190 additional shares in Equinix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 11,987 shares of Equinix Inc which is valued at $3,958,107.Equinix Inc makes up approximately 2.28% of Edgestream Partners’s portfolio.

Other Hedge Funds, Including , Sustainable Growth Advisers Lp reduced its stake in EQIX by selling 22,922 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 431,342 shares of EQIX which is valued at $150,076,822. Equinix Inc makes up approx 2.93% of Sustainable Growth Advisers Lp’s portfolio.Shell Asset Management Co reduced its stake in EQIX by selling 258 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 6,331 shares of EQIX which is valued at $2,261,940. Equinix Inc makes up approx 0.06% of Shell Asset Management Co’s portfolio.Commonwealth Equity Services Inc reduced its stake in EQIX by selling 27 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 1,927 shares of EQIX which is valued at $719,195. Equinix Inc makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Equinix Inc opened for trading at $331.72 and hit $335.55 on the upside on Monday, eventually ending the session at $333.24, with a gain of 0.63% or 2.1 points. The heightened volatility saw the trading volume jump to 5,35,257 shares. Company has a market cap of $23,786 M.

On the company’s financial health, Equinix Inc reported $3.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.93 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $3.02. The company had revenue of $924.68 million for the quarter, compared to analysts expectations of $920.04 million. The company’s revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

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.

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