Equinix Inc (EQIX) : Adell Harriman Carpenter Inc reduced its stake in Equinix Inc by 4.04% during the most recent quarter end. The investment management company now holds a total of 27,972 shares of Equinix Inc which is valued at $9.6 Million after selling 1,179 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Equinix Inc makes up approximately 2.62% of Adell Harriman Carpenter Inc’s portfolio.
Other Hedge Funds, Including , Egerton Capital (uk) Llp boosted its stake in EQIX in the latest quarter, The investment management firm added 89,335 additional shares and now holds a total of 222,027 shares of Equinix Inc which is valued at $76.5 Million. Equinix Inc makes up approx 0.73% of Egerton Capital (uk) Llp’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 $2.7 Million. Equinix Inc makes up approx 0.60% of Strategy Asset Managers’s portfolio.Glenmede Trust Co Na boosted its stake in EQIX in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 190 shares of Equinix Inc which is valued at $62,767.Conning boosted its stake in EQIX in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 1,600 shares of Equinix Inc which is valued at $528,560. Equinix Inc makes up approx 0.02% of Conning’s portfolio.
Equinix Inc opened for trading at $344.91 and hit $348.75 on the upside on Monday, eventually ending the session at $348.6, with a gain of 1.23% or 4.23 points. The heightened volatility saw the trading volume jump to 4,14,108 shares. Company has a market cap of $24,203 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.
Investors should note that on May 4, 2016, Equinix Inc announced a cash dividend of $1.7500. The company’s management has announced May 23, 2016 as the ex-dividend date and fixed the record date on May 25, 2016. The payable date has been fixed on Jun 15, 2016.
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.