Calamos Advisors LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,283 shares of the financial services provider’s stock after buying an additional 304 shares during the period. Calamos Advisors LLC’s holdings in Equinix were worth $3,697,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in Equinix by 247.0% in the second quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock valued at $458,926,000 after purchasing an additional 761,220 shares during the last quarter. Janus Henderson Group PLC increased its stake in Equinix by 1,517.9% in the second quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock valued at $214,150,000 after purchasing an additional 468,162 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Equinix in the second quarter valued at approximately $13,563,000. JPMorgan Chase & Co. increased its stake in Equinix by 22.1% in the second quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock valued at $507,583,000 after purchasing an additional 214,396 shares during the last quarter. Finally, Egerton Capital UK LLP purchased a new position in Equinix in the second quarter valued at approximately $82,970,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.
In other Equinix news, insider Karl Strohmeyer sold 250 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $464.57, for a total value of $464,570.00. Following the transaction, the chief financial officer now owns 32,096 shares of the company’s stock, valued at approximately $14,910,838.72. The disclosure for this sale can be found here. Over 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.
Several equities research analysts have recently weighed in on the company. Citigroup Inc. increased their price objective on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a report on Thursday. J P Morgan Chase & Co raised Equinix from a “neutral” rating to an “overweight” rating in a report on Thursday. Barclays PLC reissued 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 Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada increased their price objective on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $481.21.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $3.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $2.24. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.95 EPS.
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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