Equinix Inc (EQIX) Holdings Increased by Bank of New York Mellon Corp

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Bank of New York Mellon Corp boosted its stake in shares of Equinix Inc (NASDAQ:EQIX) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 913,555 shares of the financial services provider’s stock after buying an additional 53,861 shares during the period. Bank of New York Mellon Corp’s holdings in Equinix were worth $392,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQIX. Principal Financial Group Inc. raised its holdings in Equinix by 12.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,084,542 shares of the financial services provider’s stock worth $871,629,000 after buying an additional 226,090 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Equinix by 11.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,512 shares of the financial services provider’s stock worth $631,000 after buying an additional 150 shares during the period. CIBC World Markets Inc. acquired a new stake in Equinix during the 1st quarter worth about $725,000. Brown Advisory Inc. raised its holdings in Equinix by 64.5% during the 1st quarter. Brown Advisory Inc. now owns 1,515 shares of the financial services provider’s stock worth $633,000 after buying an additional 594 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in Equinix by 46.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 3,556 shares of the financial services provider’s stock worth $1,529,000 after buying an additional 1,122 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Several analysts have issued reports on EQIX shares. Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $480.00 price objective on the stock in a report on Tuesday, July 3rd. Credit Suisse Group set a $525.00 price objective on Equinix and gave the stock a “buy” rating in a report on Friday, July 6th. Stifel Nicolaus started coverage on Equinix in a report on Tuesday, July 17th. They set a “buy” rating and a $500.00 price objective on the stock. BMO Capital Markets started coverage on Equinix in a report on Tuesday, July 17th. They set an “outperform” rating and a $526.00 price objective on the stock. Finally, BidaskClub cut Equinix from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Equinix presently has a consensus rating of “Buy” and a consensus price target of $507.76.

In related news, CFO Keith D. Taylor sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $431.65, for a total value of $863,300.00. Following the completion of the sale, the chief financial officer now owns 21,141 shares of the company’s stock, valued at approximately $9,125,512.65. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Earl Campbell sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $433.24, for a total value of $108,310.00. Following the completion of the sale, the insider now directly owns 1,427 shares of the company’s stock, valued at approximately $618,233.48. The disclosure for this sale can be found here. In the last three months, insiders sold 3,566 shares of company stock valued at $1,528,778. 0.51% of the stock is currently owned by company insiders.

NASDAQ:EQIX opened at $376.79 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.29 and a current ratio of 1.29. Equinix Inc has a fifty-two week low of $370.79 and a fifty-two week high of $495.35. The stock has a market cap of $30.63 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.27 and a beta of 0.46.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.08). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Equinix had a net margin of 5.71% and a return on equity of 7.22%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. As a group, equities analysts forecast that Equinix Inc will post 18.58 earnings per share for the current fiscal year.

About Equinix

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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