Quantitative Systematic Strategies LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,457 shares of the financial services provider’s stock, valued at approximately $1,097,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Cpcm LLC raised its holdings in Equinix by 0.4% in the 1st quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 5 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Equinix by 2.9% in the 2nd quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. Conning Inc. raised its holdings in Equinix by 0.6% in the 2nd quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 10 shares in the last quarter. New Amsterdam Partners LLC NY raised its holdings in Equinix by 2.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 15 shares in the last quarter. Finally, Solaris Asset Management LLC raised its holdings in Equinix by 3.8% in the 2nd quarter. Solaris Asset Management LLC now owns 552 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 96.44% of the company’s stock.
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In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total value of $657,690.00. Following the completion of the transaction, the chief financial officer now directly owns 31,393 shares in the company, valued at $13,764,574.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl Strohmeyer sold 250 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The disclosure for this sale can be found here. Insiders sold 9,911 shares of company stock valued at $4,469,647 over the last quarter. 0.58% of the stock is currently owned by corporate insiders.
Shares of Equinix, Inc. (NASDAQ:EQIX) traded down 0.38% during mid-day trading on Friday, reaching $468.76. 321,920 shares of the company traded hands. The stock has a market capitalization of $36.54 billion, a PE ratio of 172.15 and a beta of 0.55. The firm has a 50 day moving average of $454.89 and a 200-day moving average of $438.36. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $475.28.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $3.41 by $1.18. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, equities research analysts expect that Equinix, Inc. will post $3.82 EPS for the current fiscal year.
Several research analysts have commented on the stock. BidaskClub upgraded shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. UBS AG assumed coverage on shares of Equinix in a research note on Wednesday. They issued a “neutral” rating for the company. Barclays PLC upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $475.00 to $505.00 in a research note on Wednesday. Jefferies Group LLC reiterated a “hold” rating and issued a $440.00 price target on shares of Equinix in a research note on Thursday, October 12th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $482.00 price target (up from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Equinix has a consensus rating of “Buy” and an average price target of $473.61.
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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