Chicago Capital LLC grew its position in Equinix Inc (NASDAQ:EQIX) by 20.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,381 shares of the financial services provider’s stock after purchasing an additional 412 shares during the period. Chicago Capital LLC’s holdings in Equinix were worth $1,079,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. MML Investors Services LLC increased its position in shares of Equinix by 6.1% in the fourth quarter. MML Investors Services LLC now owns 3,241 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 185 shares in the last quarter. CapWealth Advisors LLC increased its position in shares of Equinix by 5.1% in the fourth quarter. CapWealth Advisors LLC now owns 39,093 shares of the financial services provider’s stock valued at $13,783,000 after buying an additional 1,909 shares in the last quarter. Highland Capital Management LLC increased its position in shares of Equinix by 79.6% in the fourth quarter. Highland Capital Management LLC now owns 1,827 shares of the financial services provider’s stock valued at $644,000 after buying an additional 810 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in shares of Equinix in the fourth quarter valued at $2,266,000. Finally, State of Alaska Department of Revenue increased its position in shares of Equinix by 2.7% in the fourth quarter. State of Alaska Department of Revenue now owns 39,791 shares of the financial services provider’s stock valued at $14,026,000 after buying an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.
EQIX traded up $4.53 during midday trading on Tuesday, hitting $451.76. The company’s stock had a trading volume of 10,586 shares, compared to its average volume of 556,730. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $36.01 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. Equinix Inc has a 52-week low of $335.29 and a 52-week high of $467.99.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $4.46 by ($3.10). The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Equinix had a net margin of 7.20% and a return on equity of 6.88%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. Equities research analysts anticipate that Equinix Inc will post 20.89 earnings per share for the current year.
A number of research firms recently commented on EQIX. Wells Fargo & Co lifted their price objective on Equinix from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. Zacks Investment Research cut Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Citigroup lifted their price objective on Equinix from $482.00 to $508.00 and gave the stock a “buy” rating in a research report on Tuesday. BidaskClub cut Equinix from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Credit Suisse Group lifted their price objective on Equinix from $467.00 to $474.00 and gave the stock an “outperform” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $493.08.
In other Equinix news, insider Simon Miller sold 378 shares of Equinix stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $426.92, for a total value of $161,375.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Meyers sold 3,383 shares of Equinix stock in a transaction dated Tuesday, February 19th. The shares were 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. Insiders sold a total of 17,893 shares of company stock valued at $7,665,409 in the last 90 days. 0.51% of the stock is owned by company insiders.
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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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