Uss Investment Management Ltd Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Uss Investment Management Ltd reduced its stake in Equinix Inc by 14.38% during the most recent quarter end. The investment management company now holds a total of 440,663 shares of Equinix Inc which is valued at $163,195,135 after selling 74,000 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Equinix Inc makes up approximately 2.70% of Uss Investment Management Ltd’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.Quadrant Capital Group boosted its stake in EQIX in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 615 shares of Equinix Inc which is valued at $229,315. Equinix Inc makes up approx 0.15% of Quadrant Capital Group’s portfolio.Msi Financial Services Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 681 additional shares and now holds a total of 6,424 shares of Equinix Inc which is valued at $2,400,906. Equinix Inc makes up approx 0.08% of Msi Financial Services Inc’s portfolio.Ls Investment Advisors reduced its stake in EQIX by selling 287 shares or 14.02% in the most recent quarter. The Hedge Fund company now holds 1,760 shares of EQIX which is valued at $663,274. Equinix Inc makes up approx 0.04% of Ls Investment Advisors’s portfolio.Hartford Investment Management Co boosted its stake in EQIX in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 16,736 shares of Equinix Inc which is valued at $6,307,129. Equinix Inc makes up approx 0.13% of Hartford Investment 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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