Canada Pension Plan Investment Board grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,950 shares of the financial services provider’s stock after acquiring an additional 30,900 shares during the period. Canada Pension Plan Investment Board owned about 0.32% of Equinix worth $112,892,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. Barton Investment Management grew its stake in shares of Equinix by 0.7% in the third quarter. Barton Investment Management now owns 45,948 shares of the financial services provider’s stock worth $20,507,000 after acquiring an additional 300 shares in the last quarter. Heritage Investors Management Corp acquired a new position in shares of Equinix during the third quarter worth $384,000. Schwartz Investment Counsel Inc. grew its stake in shares of Equinix by 1.4% during the third quarter. Schwartz Investment Counsel Inc. now owns 17,603 shares of the financial services provider’s stock worth $7,856,000 after purchasing an additional 250 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of Equinix during the third quarter worth $5,034,000. Finally, Victory Capital Management Inc. grew its stake in shares of Equinix by 10.2% during the third quarter. Victory Capital Management Inc. now owns 158,325 shares of the financial services provider’s stock worth $70,660,000 after purchasing an additional 14,613 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
A number of equities analysts recently commented on EQIX shares. Jefferies Group LLC reiterated a “hold” rating and set a $440.00 target price on shares of Equinix in a research note on Thursday, October 12th. BidaskClub upgraded shares of Equinix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Cowen and Company reiterated an “outperform” rating and set a $482.00 target price (up previously from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $497.00 target price (up previously from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Barclays PLC upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $475.00 to $505.00 in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Equinix has an average rating of “Buy” and an average price target of $481.47.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $2.24. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $3.95 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis.
In other news, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $455.42, for a total value of $683,130.00. Following the completion of the transaction, the chief financial officer now directly owns 29,596 shares of the company’s stock, valued at approximately $13,478,610.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Camp Peter Van sold 4,444 shares of Equinix stock in a transaction dated 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 transaction, the director now directly owns 8,572 shares of the company’s stock, valued at $3,821,483.32. The disclosure for this sale can be found here. Insiders sold a total of 11,411 shares of company stock valued at $5,152,777 over the last ninety days. Company insiders own 0.58% of the company’s stock.
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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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