Horizon Investments adds Equinix Inc (EQIX) to its portfolio

Equinix Inc (EQIX) : Horizon Investments added new position in Equinix Inc during the most recent quarter end. The investment management firm now holds 1,413 shares of Equinix Inc which is valued at $521,454 , the company said in a statement filed on Aug 11, 2016 with the SEC.Equinix Inc makes up approximately 0.04% of Horizon Investments’s portfolio.

Other Hedge Funds, Including , Baldwin Brothers Incma reduced its stake in EQIX by selling 4,456 shares or 98.15% in the most recent quarter. The Hedge Fund company now holds 84 shares of EQIX which is valued at $30,999. Equinix Inc makes up approx 0.01% of Baldwin Brothers Incma’s portfolio.Sustainable Growth Advisers Lp reduced its stake in EQIX by selling 66,200 shares or 12.72% in the most recent quarter. The Hedge Fund company now holds 454,264 shares of EQIX which is valued at $167,055,586. Equinix Inc makes up approx 3.29% of Sustainable Growth Advisers Lp’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in EQIX in the latest quarter, The investment management firm added 7,012 additional shares and now holds a total of 25,939 shares of Equinix Inc which is valued at $9,606,249. Equinix Inc makes up approx 0.24% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Duff Phelps Investment Management Co added EQIX to its portfolio by purchasing 203,760 company shares during the most recent quarter which is valued at $75,975,991. Equinix Inc makes up approx 1.13% of Duff Phelps Investment Management Co’s portfolio.Robeco Institutional Asset Management B.v. reduced its stake in EQIX by selling 7,226 shares or 16.83% in the most recent quarter. The Hedge Fund company now holds 35,699 shares of EQIX which is valued at $13,453,525. Equinix Inc makes up approx 0.10% of Robeco Institutional Asset Management B.v.’s portfolio.

Equinix Inc opened for trading at $369.03 and hit $370 on the upside on Tuesday, eventually ending the session at $368.14, with a gain of 0.32% or 1.17 points. The heightened volatility saw the trading volume jump to 3,24,118 shares. Company has a market cap of $26,165 M.

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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