Honeywell International Inc. grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 30.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,253 shares of the financial services provider’s stock after buying an additional 5,139 shares during the quarter. Honeywell International Inc.’s holdings in Equinix were worth $9,932,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of Equinix by 3.2% in the 1st quarter. Morgan Stanley now owns 84,608 shares of the financial services provider’s stock valued at $33,875,000 after purchasing an additional 2,630 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Equinix in the 1st quarter valued at approximately $11,731,000. Point72 Asia Hong Kong Ltd lifted its stake in shares of Equinix by 47.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 81 shares during the period. Bank of Nova Scotia lifted its stake in shares of Equinix by 14.6% in the 1st quarter. Bank of Nova Scotia now owns 1,821 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 232 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Equinix by 8.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 35,511 shares of the financial services provider’s stock valued at $14,218,000 after purchasing an additional 2,797 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.
In related news, Director Camp Peter Van sold 4,444 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $445.81, for a total value of $1,981,179.64. Following the transaction, the director now directly owns 8,572 shares of the company’s stock, valued at approximately $3,821,483.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $463.61, for a total value of $92,722.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,911 shares of company stock valued at $4,469,647. Company insiders own 0.58% of the company’s stock.
Equinix, Inc. (EQIX) traded up 0.37% during mid-day trading on Monday, hitting $458.22. The company’s stock had a trading volume of 66,805 shares. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $475.28. The company has a market cap of $35.72 billion, a P/E ratio of 168.28 and a beta of 0.55. The firm’s 50-day moving average is $454.27 and its 200-day moving average is $440.39.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, beating the consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Analysts predict that Equinix, Inc. will post $3.83 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. Deutsche Bank AG assumed coverage on Equinix in a research note on Tuesday, October 24th. They issued a “buy” rating and a $550.00 target price for the company. UBS AG assumed coverage on Equinix in a research note on Wednesday, October 18th. They issued a “neutral” rating for the company. Barclays PLC upgraded Equinix from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $475.00 to $505.00 in a research note on Wednesday, October 18th. Jefferies Group LLC restated a “hold” rating and issued a $440.00 target price on shares of Equinix in a research note on Thursday, October 12th. Finally, Berenberg Bank assumed coverage on Equinix in a research note on Tuesday, September 26th. They issued a “buy” rating and a $550.00 target price for the company. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Equinix currently has an average rating of “Buy” and a consensus target price of $477.63.
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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