Uss Investment Management Ltd buys $177.2 Million stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Uss Investment Management Ltd scooped up 43,417 additional shares in Equinix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 514,663 shares of Equinix Inc which is valued at $177.2 Million.Equinix Inc makes up approximately 2.93% of Uss Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in EQIX in the latest quarter, The investment management firm added 377 additional shares and now holds a total of 1,443 shares of Equinix Inc which is valued at $496,926. Equinix Inc makes up approx 0.01% of Norinchukin Bank The’s portfolio.Global X Management Co boosted its stake in EQIX in the latest quarter, The investment management firm added 8,396 additional shares and now holds a total of 8,414 shares of Equinix Inc which is valued at $2.8 Million. Equinix Inc makes up approx 0.17% of Global X Management Co’s portfolio.Schwab Charles Investment Management Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 22,086 additional shares and now holds a total of 192,144 shares of Equinix Inc which is valued at $64.7 Million. Equinix Inc makes up approx 0.09% of Schwab Charles Investment Management Inc’s portfolio.World Asset Management Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 8,182 shares of Equinix Inc which is valued at $2.7 Million. Equinix Inc makes up approx 0.11% of World Asset Management Inc’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.

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