Wespac Advisors adds Equinix Inc (EQIX) to its portfolio

Equinix Inc (EQIX) : Wespac Advisors added new position in Equinix Inc during the most recent quarter end. The investment management firm now holds 5,193 shares of Equinix Inc which is valued at $1,715,508 , the company said in a statement filed on Apr 25, 2016 with the SEC.Equinix Inc makes up approximately 2.13% of Wespac Advisors’s portfolio.

Equinix Inc opened for trading at $331.1 and hit $333.854 on the upside on Monday, eventually ending the session at $333.62, with a gain of 0.99% or 3.27 points. The heightened volatility saw the trading volume jump to 3,94,960 shares. Company has a market cap of $23,028 M.

Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in EQIX in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 4,600 shares of Equinix Inc which is valued at $1,519,610. Equinix Inc makes up approx 0.08% of Louisiana State Employees Retirement System’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in EQIX in the latest quarter, The investment management firm added 17,601 additional shares and now holds a total of 18,934 shares of Equinix Inc which is valued at $6,096,937. Equinix Inc makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio. Transamerica Financial Advisors added EQIX to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $966.1st Global Advisors boosted its stake in EQIX in the latest quarter, The investment management firm added 418 additional shares and now holds a total of 3,384 shares of Equinix Inc which is valued at $1,096,754. Equinix Inc makes up approx 0.15% of 1st Global Advisors’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in EQIX in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 5,750 shares of Equinix Inc which is valued at $1,863,575. Equinix Inc makes up approx 0.09% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

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 Canaccord Genuity on Apr 7, 2016 to “Buy”, Firm has raised the Price Target to $ 370 from a previous price target of $320 .Barclays Resumed Equinix Inc on Mar 21, 2016 to “Equal Weight”, Price Target of the shares are set at $330.Equinix Inc was Downgraded by JP Morgan to ” Neutral” on Feb 29, 2016.

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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