Daiwa Securities Group Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Daiwa Securities Group reduced its stake in Equinix Inc by 3.15% during the most recent quarter end. The investment management company now holds a total of 1,953,003 shares of Equinix Inc which is valued at $729,915,341 after selling 63,526 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Equinix Inc makes up approximately 4.37% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in EQIX in the latest quarter, The investment management firm added 2,551 additional shares and now holds a total of 6,589 shares of Equinix Inc which is valued at $2,462,573. Equinix Inc makes up approx 0.06% of Shell Asset Management Co’s portfolio.Meeder Asset Management Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 1,723 additional shares and now holds a total of 3,355 shares of Equinix Inc which is valued at $1,264,365. Equinix Inc makes up approx 0.11% of Meeder Asset Management 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.Creative Planning reduced its stake in EQIX by selling 29 shares or 13.88% in the most recent quarter. The Hedge Fund company now holds 180 shares of EQIX which is valued at $69,608.

Equinix Inc closed down -7.3 points or -1.92% at $372.87 with 6,07,446 shares getting traded on Friday. Post opening the session at $380, the shares hit an intraday low of $372.8 and an intraday high of $380.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. 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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