Vigilant Capital Management Exits Position in Equinix Inc (EQIX)

Equinix Inc (EQIX) : Vigilant Capital Management has sold out all of its stake in Equinix Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 13 shares of Equinix Inc which is valued at $4,702.

Other Hedge Funds, Including , Sarasin Partners Llp boosted its stake in EQIX in the latest quarter, The investment management firm added 21,283 additional shares and now holds a total of 605,776 shares of Equinix Inc which is valued at $219,121,295. Equinix Inc makes up approx 3.50% of Sarasin Partners Llp’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in EQIX in the latest quarter, The investment management firm added 1,285 additional shares and now holds a total of 21,490 shares of Equinix Inc which is valued at $7,777,231. Equinix Inc makes up approx 0.13% of Gulf International Bank (uk) Ltd’s portfolio.Nisa Investment Advisors boosted its stake in EQIX in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 7,154 shares of Equinix Inc which is valued at $2,523,931. Equinix Inc makes up approx 0.03% of Nisa Investment Advisors’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in EQIX in the latest quarter, The investment management firm added 5,875 additional shares and now holds a total of 16,867 shares of Equinix Inc which is valued at $6,011,736. Equinix Inc makes up approx 0.13% of Oregon Public Employees Retirement Fund’s portfolio.Fisher Asset Management boosted its stake in EQIX in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 623 shares of Equinix Inc which is valued at $222,050.

Equinix Inc closed down -0.18 points or -0.05% at $361.72 with 2,86,852 shares getting traded on Friday. Post opening the session at $363.51, the shares hit an intraday low of $360.56 and an intraday high of $366.28 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 $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. 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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