Brinker Capital Inc. boosted its stake in shares of Equinix Inc (NASDAQ:EQIX) by 16.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,381 shares of the financial services provider’s stock after purchasing an additional 2,648 shares during the period. Brinker Capital Inc.’s holdings in Equinix were worth $8,329,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Washington Trust Bank bought a new stake in Equinix in the first quarter valued at approximately $29,000. Spectrum Management Group Inc. bought a new stake in Equinix in the first quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. raised its stake in Equinix by 174.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 54 shares during the period. Rehmann Capital Advisory Group raised its stake in Equinix by 158.8% in the third quarter. Rehmann Capital Advisory Group now owns 88 shares of the financial services provider’s stock valued at $38,000 after buying an additional 54 shares during the period. Finally, Pearl River Capital LLC bought a new stake in Equinix in the fourth quarter valued at approximately $35,000. 98.92% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Camp Peter Van sold 3,418 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $429.76, for a total transaction of $1,468,919.68. Following the transaction, the director now owns 8,024 shares in the company, valued at $3,448,394.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles J. Meyers sold 3,383 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $425.92, for a total value of $1,440,887.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,893 shares of company stock worth $7,665,409. 0.51% of the stock is owned by corporate insiders.
Shares of NASDAQ EQIX traded up $2.88 during trading hours on Tuesday, reaching $450.11. 5,893 shares of the stock were exchanged, compared to its average volume of 556,730. The firm has a market cap of $36.01 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. Equinix Inc has a 52 week low of $335.29 and a 52 week high of $467.99.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($3.10). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Equinix had a return on equity of 6.88% and a net margin of 7.20%. Equinix’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Analysts forecast that Equinix Inc will post 20.89 EPS for the current year.
EQIX has been the topic of several research analyst reports. BidaskClub upgraded Equinix from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Citigroup upped their price objective on Equinix from $481.00 to $482.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Nomura upped their price objective on Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, March 29th. Berenberg Bank initiated coverage on Equinix in a research note on Tuesday, January 8th. They issued a “buy” rating and a $477.00 price objective on the stock. Finally, Zacks Investment Research upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $491.08.
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Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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