Lone Pine Capital buys $857,770,743 stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Lone Pine Capital scooped up 213,821 additional shares in Equinix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,324,330 shares of Equinix Inc which is valued at $857,770,743.Equinix Inc makes up approximately 3.84% of Lone Pine Capital’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in EQIX during the most recent quarter. The investment firm sold 7,234 shares of EQIX which is valued $2,669,635.Andra Ap-fonden reduced its stake in EQIX by selling 5,300 shares or 74.65% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of EQIX which is valued at $664,272. Equinix Inc makes up approx 0.02% of Andra Ap-fonden’s portfolio.Paradigm Asset Management Co boosted its stake in EQIX in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 3,362 shares of Equinix Inc which is valued at $1,240,712. Equinix Inc makes up approx 0.21% of Paradigm Asset Management Co’s portfolio.Teachers Advisors Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 53,085 additional shares and now holds a total of 340,137 shares of Equinix Inc which is valued at $125,524,158. Equinix Inc makes up approx 0.21% of Teachers Advisors Inc’s portfolio.Shinko Asset Management Ltd. boosted its stake in EQIX in the latest quarter, The investment management firm added 131,511 additional shares and now holds a total of 734,606 shares of Equinix Inc which is valued at $276,843,617. Equinix Inc makes up approx 1.88% of Shinko Asset Management Ltd.’s portfolio.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *