American Century Companies Inc. Acquires 9,024 Shares of Equinix Inc (NASDAQ:EQIX)

American Century Companies Inc. increased its holdings in Equinix Inc (NASDAQ:EQIX) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 937,090 shares of the financial services provider’s stock after buying an additional 9,024 shares during the period. American Century Companies Inc. owned 1.17% of Equinix worth $330,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC boosted its position in Equinix by 1.2% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 2,328 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 27 shares during the last quarter. Eaton Vance Management raised its holdings in shares of Equinix by 2.2% during the fourth quarter. Eaton Vance Management now owns 1,356 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 29 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Equinix by 19.1% during the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 34 shares during the period. Creative Planning raised its holdings in shares of Equinix by 4.3% during the fourth quarter. Creative Planning now owns 988 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 41 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Equinix by 10.4% during the fourth quarter. IFP Advisors Inc now owns 447 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 42 shares during the period. Institutional investors own 98.92% of the company’s stock.

Shares of EQIX traded down $1.08 during trading hours on Friday, reaching $446.44. 452,574 shares of the company traded hands, compared to its average volume of 391,145. The firm has a market capitalization of $36.10 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.58 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. Equinix Inc has a 12 month low of $335.29 and a 12 month high of $467.99.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.46 by ($3.10). Equinix had a net margin of 7.20% and a return on equity of 6.88%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, research analysts forecast that Equinix Inc will post 20.89 EPS for the current fiscal year.

In other Equinix news, insider Karl Strohmeyer sold 1,135 shares of Equinix stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $426.96, for a total value of $484,599.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles J. Meyers sold 282 shares of Equinix stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $462.31, for a total transaction of $130,371.42. Following the completion of the transaction, the chief executive officer now directly owns 5,882 shares of the company’s stock, valued at $2,719,307.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,893 shares of company stock valued at $7,665,409. 0.51% of the stock is currently owned by corporate insiders.

EQIX has been the topic of several recent analyst reports. BidaskClub cut shares of Equinix from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. Zacks Investment Research cut shares of Equinix from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Berenberg Bank began coverage on shares of Equinix in a research report on Tuesday, January 8th. They set a “buy” rating and a $477.00 price objective on the stock. Credit Suisse Group raised their price objective on shares of Equinix from $467.00 to $474.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Finally, Citigroup raised their price objective on shares of Equinix from $481.00 to $482.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $491.08.

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Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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