Heritage Investors Management Corp Buys New Position in Equinix, Inc. (EQIX)

Heritage Investors Management Corp bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 860 shares of the financial services provider’s stock, valued at approximately $384,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Bank of Nova Scotia boosted its stake in shares of Equinix by 14.6% during 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Equinix by 22.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,650 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 300 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Equinix by 5.9% during the 2nd quarter. Capstone Asset Management Co. now owns 6,574 shares of the financial services provider’s stock valued at $2,821,000 after purchasing an additional 364 shares in the last quarter. Atria Investments LLC boosted its stake in shares of Equinix by 5.6% during the 2nd quarter. Atria Investments LLC now owns 906 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 48 shares in the last quarter. Finally, Kissinger Financial Services LLC boosted its stake in shares of Equinix by 3.7% during the 2nd quarter. Kissinger Financial Services LLC now owns 2,272 shares of the financial services provider’s stock valued at $975,000 after purchasing an additional 82 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Camp Peter Van sold 4,444 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $445.81, for a total value 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 approximately $3,821,483.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 1,427 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $459.75, for a total transaction of $656,063.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,411 shares of company stock valued at $5,152,777. Insiders own 0.58% of the company’s stock.

Equinix (NASDAQ:EQIX) last released 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. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.95 earnings per share.

A number of research analysts recently issued reports on EQIX shares. Stifel Nicolaus reissued a “buy” rating and set a $497.00 price target (up from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. UBS AG started coverage on shares of Equinix in a research report on Wednesday, October 18th. They set a “neutral” rating for the company. J P Morgan Chase & Co raised shares of Equinix from a “neutral” rating to an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank AG started coverage on shares of Equinix in a research report on Tuesday, October 24th. They set a “buy” rating and a $550.00 price target for the company. Three 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 stock currently has an average rating of “Buy” and an average price target of $481.21.

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.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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