Exxonmobil Investment Management Inc Tx buys $6,371,581 stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Exxonmobil Investment Management Inc Tx scooped up 176 additional shares in Equinix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 18,148 shares of Equinix Inc which is valued at $6,371,581.Equinix Inc makes up approximately 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Simplex Trading added EQIX to its portfolio by purchasing 1,174 company shares during the most recent quarter which is valued at $412,180. Equinix Inc makes up approx 0.05% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EQIX by selling 8,716 shares or 59.43% in the most recent quarter. The Hedge Fund company now holds 5,951 shares of EQIX which is valued at $2,077,078. Equinix Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants reduced its stake in EQIX by selling 80 shares or 19.28% in the most recent quarter. The Hedge Fund company now holds 335 shares of EQIX which is valued at $116,925. Equinix Inc makes up approx 0.04% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added EQIX to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $14,659.

Equinix Inc closed down -2.06 points or -0.58% at $351.09 with 3,90,354 shares getting traded on Friday. Post opening the session at $354.14, the shares hit an intraday low of $347.97 and an intraday high of $354.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Equinix Inc reported $3.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.45 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $3.10. The company had revenue of $900.50 million for the quarter, compared to analysts expectations of $894.28 million. The company’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Equinix Inc. Company shares were Reiterated by Canaccord Genuity on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 420 from a previous price target of $390 .Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 429 from a previous price target of $382 .Equinix Inc was Downgraded by Jefferies to ” Hold” on Jul 15, 2016.

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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