Today The Three Peaks Capital Management LLC Acquires 1,035 Shares of Equinix, Inc. (EQIX)

Today The Three Peaks Capital Management LLC Acquires 1,035 Shares of Equinix, Inc. (EQIX)

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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