Gagnon Securities Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Gagnon Securities reduced its stake in Equinix Inc by 28.29% during the most recent quarter end. The investment management company now holds a total of 35,711 shares of Equinix Inc which is valued at $12,033,179 after selling 14,086 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Equinix Inc makes up approximately 5.98% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Riverpark Capital Management reduced its stake in EQIX by selling 5,038 shares or 18.35% in the most recent quarter. The Hedge Fund company now holds 22,419 shares of EQIX which is valued at $7,554,306. Equinix Inc makes up approx 4.46% of Riverpark Capital Management’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in EQIX by selling 362 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 4,374 shares of EQIX which is valued at $1,444,951. Equinix Inc makes up approx 0.02% of Nisa Investment Advisors L.l.c.’s portfolio. Strategy Asset Managers added EQIX to its portfolio by purchasing 8,120 company shares during the most recent quarter which is valued at $2,682,442. Equinix Inc makes up approx 0.60% of Strategy Asset Managers’s portfolio. Cornerstone Advisors added EQIX to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $1,932.Winslow Evans Crocker reduced its stake in EQIX by selling 1 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 47 shares of EQIX which is valued at $15,134.

Equinix Inc opened for trading at $341.93 and hit $342.975 on the upside on Tuesday, eventually ending the session at $341.11, with a gain of 0.02% or 0.07 points. The heightened volatility saw the trading volume jump to 4,35,294 shares. Company has a market cap of $23,683 M.

On the company’s financial health, Equinix Inc reported $2.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.97 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $1.17. The company had revenue of $730.50 million for the quarter, compared to analysts expectations of $715.52 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.

Many Wall Street Analysts have commented on Equinix Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 380 from a previous price target of $340 .Company shares were Reiterated by Barclays on May 5, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 340 from a previous price target of $335 .Company shares were Reiterated by Canaccord Genuity on Apr 7, 2016 to “Buy”, Firm has raised the Price Target to $ 370 from a previous price target of $320 .

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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