S. Muoio Lowers stake in Equinix Inc (EQIX)

Equinix Inc (EQIX) : S. Muoio reduced its stake in Equinix Inc by 10.7% during the most recent quarter end. The investment management company now holds a total of 11,438 shares of Equinix Inc which is valued at $4,221,080 after selling 1,371 shares in Equinix Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Equinix Inc makes up approximately 2.12% of S. Muoio’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A reduced its stake in EQIX by selling 4,098 shares or 4.88% in the most recent quarter. The Hedge Fund company now holds 79,796 shares of EQIX which is valued at $29,447,916. Equinix Inc makes up approx 0.11% of Credit Agricole S A’s portfolio.Thompson Davis reduced its stake in EQIX by selling 9 shares or 29.03% in the most recent quarter. The Hedge Fund company now holds 22 shares of EQIX which is valued at $8,015. Equinix Inc makes up approx 0.01% of Thompson Davis’s portfolio.Taylor Frigon Capital Management reduced its stake in EQIX by selling 1,063 shares or 16.85% in the most recent quarter. The Hedge Fund company now holds 5,246 shares of EQIX which is valued at $1,942,804. Equinix Inc makes up approx 1.95% of Taylor Frigon Capital Management’s portfolio.World Asset Management Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 165 additional shares and now holds a total of 8,347 shares of Equinix Inc which is valued at $3,091,228. Equinix Inc makes up approx 0.12% of World Asset Management Inc’s portfolio.Cibc Asset Management Inc boosted its stake in EQIX in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 7,282 shares of Equinix Inc which is valued at $2,696,816. Equinix Inc makes up approx 0.02% of Cibc Asset Management Inc’s portfolio.

Equinix Inc opened for trading at $363.52 and hit $367.49 on the upside on Friday, eventually ending the session at $366.31, with a gain of 0.64% or 2.34 points. The heightened volatility saw the trading volume jump to 3,73,479 shares. Company has a market cap of $26,035 M.

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 Canaccord Genuity on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 420 from a previous price target of $390 .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. 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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