Equinix Inc (EQIX) : Jericho Capital Asset Management reduced its stake in Equinix Inc by 7.27% during the most recent quarter end. The investment management company now holds a total of 199,895 shares of Equinix Inc which is valued at $73,769,251 after selling 15,670 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Equinix Inc makes up approximately 3.94% of Jericho Capital Asset Management’s portfolio.
Other Hedge Funds, Including , Skytop Capital Management reduced its stake in EQIX by selling 6,492 shares or 11.49% in the most recent quarter. The Hedge Fund company now holds 50,000 shares of EQIX which is valued at $18,452,000. Equinix Inc makes up approx 15.08% of Skytop Capital Management’s portfolio.Canada Pension Plan Investment Board reduced its stake in EQIX by selling 10,704 shares or 17.9% in the most recent quarter. The Hedge Fund company now holds 49,108 shares of EQIX which is valued at $18,122,816. Equinix Inc makes up approx 0.07% of Canada Pension Plan Investment Board’s portfolio.Wetherby Asset Management Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 206 additional shares and now holds a total of 820 shares of Equinix Inc which is valued at $302,613. Equinix Inc makes up approx 0.06% of Wetherby Asset Management Inc’s portfolio. Spot Trading L.l.c sold out all of its stake in EQIX during the most recent quarter. The investment firm sold 116 shares of EQIX which is valued $42,959.
Equinix Inc closed down -1.89 points or -0.51% at $366.76 with 4,52,277 shares getting traded on Thursday. Post opening the session at $368.41, the shares hit an intraday low of $365.01 and an intraday high of $369.665 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.