Riverpark Advisors Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Riverpark Advisors reduced its stake in Equinix Inc by 27.48% during the most recent quarter end. The investment management company now holds a total of 23,572 shares of Equinix Inc which is valued at $7,942,821 after selling 8,931 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Equinix Inc makes up approximately 3.83% of Riverpark Advisors’s portfolio.

Other Hedge Funds, Including , Three Peaks Capital Management boosted its stake in EQIX in the latest quarter, The investment management firm added 18,690 additional shares and now holds a total of 23,206 shares of Equinix Inc which is valued at $7,819,494. Equinix Inc makes up approx 1.42% of Three Peaks Capital Management’s portfolio.Agf Investments boosted its stake in EQIX in the latest quarter, The investment management firm added 7,013 additional shares and now holds a total of 198,066 shares of Equinix Inc which is valued at $66,740,319. Equinix Inc makes up approx 0.80% of Agf Investments’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in EQIX in the latest quarter, The investment management firm added 3,961 additional shares and now holds a total of 18,927 shares of Equinix Inc which is valued at $6,377,642. Equinix Inc makes up approx 0.17% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Ohio National Investments boosted its stake in EQIX in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,544 shares of Equinix Inc which is valued at $510,060. Equinix Inc makes up approx 0.09% of Ohio National Investments’s portfolio.

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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