Partners Capital Investment Group Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Partners Capital Investment Group reduced its stake in Equinix Inc by 0.97% during the most recent quarter end. The investment management company now holds a total of 58,362 shares of Equinix Inc which is valued at $21,537,912 after selling 569 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Equinix Inc makes up approximately 5.60% of Partners Capital Investment Group’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in EQIX in the latest quarter, The investment management firm added 191,615 additional shares and now holds a total of 2,162,184 shares of Equinix Inc which is valued at $797,932,383. Equinix Inc makes up approx 0.10% of Fmr’s portfolio.Gsa Capital Partners Llp reduced its stake in EQIX by selling 1,988 shares or 75.45% in the most recent quarter. The Hedge Fund company now holds 647 shares of EQIX which is valued at $236,479. Equinix Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.Comgest Global Investors S.a.s. reduced its stake in EQIX by selling 5,684 shares or 61.89% in the most recent quarter. The Hedge Fund company now holds 3,500 shares of EQIX which is valued at $1,308,090. Equinix Inc makes up approx 0.04% of Comgest Global Investors S.a.s.’s portfolio.Wespac Advisors boosted its stake in EQIX in the latest quarter, The investment management firm added 934 additional shares and now holds a total of 6,127 shares of Equinix Inc which is valued at $2,289,905. Equinix Inc makes up approx 2.32% of Wespac Advisors’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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