Schwartz Investment Counsel Inc. increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,603 shares of the financial services provider’s stock after buying an additional 250 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Equinix were worth $7,856,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Verition Fund Management LLC boosted its holdings in Equinix by 17.0% in the 2nd quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock worth $351,000 after buying an additional 119 shares during the period. Nicholas Company Inc. bought a new position in Equinix in the 2nd quarter worth approximately $3,201,000. Ameriprise Financial Inc. boosted its holdings in Equinix by 7.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 610,357 shares of the financial services provider’s stock worth $261,747,000 after buying an additional 43,933 shares during the period. Prudential Financial Inc. boosted its holdings in Equinix by 1.1% in the 2nd quarter. Prudential Financial Inc. now owns 110,757 shares of the financial services provider’s stock worth $47,532,000 after buying an additional 1,185 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Equinix by 25.9% in the 2nd quarter. Toronto Dominion Bank now owns 26,388 shares of the financial services provider’s stock worth $11,322,000 after buying an additional 5,431 shares during the period. 96.54% of the stock is owned by institutional investors.
Several research firms recently commented on EQIX. Deutsche Bank AG began coverage on shares of Equinix in a report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 price objective for the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $475.00 price objective (up from $410.00) on shares of Equinix in a report on Wednesday, August 9th. BidaskClub downgraded shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada raised their price objective on shares of Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $482.00 price objective (up from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $477.63.
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In other news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total value of $657,690.00. Following the sale, the chief financial officer now owns 31,393 shares of the company’s stock, valued at $13,764,574.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Camp Peter Van sold 4,444 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the completion of the sale, the director now directly owns 8,572 shares in the company, valued at approximately $3,821,483.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,411 shares of company stock valued at $5,152,777. 0.58% of the stock is owned by company insiders.
Equinix, Inc. (EQIX) traded up 0.12% during mid-day trading on Tuesday, hitting $460.26. 130,250 shares of the stock were exchanged. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $475.28.
Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, analysts predict that Equinix, Inc. will post $3.83 EPS for the current year.
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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