Riverpark Capital Management buys $8,351,537 stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Riverpark Capital Management scooped up 132 additional shares in Equinix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 22,551 shares of Equinix Inc which is valued at $8,351,537.Equinix Inc makes up approximately 3.78% of Riverpark Capital Management’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in EQIX by selling 388 shares or 21.76% in the most recent quarter. The Hedge Fund company now holds 1,395 shares of EQIX which is valued at $516,624. Equinix Inc makes up approx 0.02% of Boston Private Wealth’s portfolio.Emerald Advisers Incpa reduced its stake in EQIX by selling 44 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 4,593 shares of EQIX which is valued at $1,712,592. Equinix Inc makes up approx 0.08% of Emerald Advisers Incpa’s portfolio.Shell Asset Management Co boosted its stake in EQIX in the latest quarter, The investment management firm added 2,551 additional shares and now holds a total of 6,589 shares of Equinix Inc which is valued at $2,462,573. Equinix Inc makes up approx 0.06% of Shell Asset Management Co’s portfolio.

Equinix Inc opened for trading at $372.86 and hit $374.18 on the upside on Thursday, eventually ending the session at $371.4, with a gain of 0.29% or 1.06 points. The heightened volatility saw the trading volume jump to 8,93,535 shares. Company has a market cap of $25,786 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. Equinix Inc was Downgraded by Jefferies to ” Hold” on Jul 15, 2016. Equinix Inc was Initiated by Goldman to “Buy” on Jul 5, 2016. Company shares were Reiterated by Canaccord Genuity on May 23, 2016 to “Buy”, Firm has raised the Price Target to $ 390 from a previous price target of $370 .

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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