Chartist Inc Ca Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Chartist Inc Ca reduced its stake in Equinix Inc by 27.34% during the most recent quarter end. The investment management company now holds a total of 643 shares of Equinix Inc which is valued at $238,129 after selling 242 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Equinix Inc makes up approximately 0.12% of Chartist Inc Ca’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in EQIX in the latest quarter, The investment management firm added 4,004 additional shares and now holds a total of 107,340 shares of Equinix Inc which is valued at $39,752,296. Equinix Inc makes up approx 0.12% of Mizuho Trust Banking Ltd.’s portfolio.Riverpark Capital Management boosted its stake in EQIX in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 22,551 shares of Equinix Inc which is valued at $8,351,537. Equinix Inc makes up approx 3.78% of Riverpark Capital Management’s portfolio.Pggm Investments boosted its stake in EQIX in the latest quarter, The investment management firm added 608 additional shares and now holds a total of 46,130 shares of Equinix Inc which is valued at $17,240,626. Equinix Inc makes up approx 0.09% of Pggm Investments’s portfolio.1st Global Advisors boosted its stake in EQIX in the latest quarter, The investment management firm added 134 additional shares and now holds a total of 3,518 shares of Equinix Inc which is valued at $1,325,793. Equinix Inc makes up approx 0.18% of 1st Global Advisors’s portfolio. Vigilant Capital Management added EQIX to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $4,933.

Equinix Inc closed down -1.2 points or -0.33% at $364.3 with 7,13,394 shares getting traded on Monday. Post opening the session at $364.9, the shares hit an intraday low of $361.22 and an intraday high of $365.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 429 from a previous price target of $382 .Equinix Inc was Downgraded by Jefferies to ” Hold” on Jul 15, 2016. Equinix Inc was Initiated by Goldman to “Buy” on Jul 5, 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.

Leave a Reply

Equinix Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Equinix Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.