Three Peaks Capital Management LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 4.3% during the third quarter, Holdings Channel reports. The institutional investor owned 25,215 shares of the company’s stock after buying an additional 1,035 shares during the period. Equinix accounts for 1.5% of Three Peaks Capital Management LLC’s holdings, making the stock its 29th largest position. Three Peaks Capital Management LLC’s holdings in Equinix were worth $9,084,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of EQIX. Duff & Phelps Investment Management Co. bought a new stake in Equinix during the second quarter worth approximately $79,003,000. Retirement Systems of Alabama raised its stake in Equinix by 1.5% in the second quarter. Retirement Systems of Alabama now owns 35,395 shares of the company’s stock worth $13,724,000 after buying an additional 538 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Equinix by 37.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,939 shares of the company’s stock worth $10,057,000 after buying an additional 7,012 shares during the last quarter. Sarasin & Partners LLP raised its stake in Equinix by 3.6% in the third quarter. Sarasin & Partners LLP now owns 605,776 shares of the company’s stock worth $218,231,000 after buying an additional 21,283 shares during the last quarter. Finally, Resolution Capital Ltd raised its stake in Equinix by 9.9% in the second quarter. Resolution Capital Ltd now owns 300,892 shares of the company’s stock worth $116,665,000 after buying an additional 27,142 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.
Shares of Equinix, Inc. (NASDAQ:EQIX) traded down 1.383% during midday trading on Wednesday, reaching $384.272. The company had a trading volume of 94,586 shares. The stock has a market capitalization of $27.43 billion, a PE ratio of 346.503 and a beta of 0.80. Equinix, Inc. has a 1-year low of $255.45 and a 1-year high of $391.07. The company’s 50-day moving average is $362.03 and its 200-day moving average is $360.82.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 2nd. The company reported $3.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.10. Equinix had a return on equity of 3.68% and a net margin of 2.23%. The business had revenue of $924.68 million for the quarter, compared to the consensus estimate of $919.73 million. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, equities research analysts forecast that Equinix, Inc. will post $1.72 EPS for the current year.
EQIX has been the subject of a number of analyst reports. J P Morgan Chase & Co reissued a “hold” rating and issued a $415.00 price target on shares of Equinix in a research report on Thursday, November 3rd. Zacks Investment Research raised Equinix from a “sell” rating to a “hold” rating in a research report on Monday, January 16th. Finally, Guggenheim initiated coverage on Equinix in a research report on Thursday, December 1st. They issued a “buy” rating and a $390.00 price target for the company. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $406.81.
In related news, Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $334.35, for a total transaction of $167,175.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles J. Meyers sold 1,290 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $385.00, for a total value of $496,650.00. Following the sale, the chief operating officer now owns 845 shares of the company’s stock, valued at approximately $325,325. The disclosure for this sale can be found here. Insiders sold 26,211 shares of company stock worth $9,410,127 over the last three months. Corporate insiders own 0.69% of the company’s stock.
Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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