Macquarie Group Ltd. reduced its stake in Equinix Inc (NASDAQ:EQIX) by 63.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 92,646 shares of the financial services provider’s stock after selling 159,702 shares during the quarter. Macquarie Group Ltd. owned 0.12% of Equinix worth $32,664,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. National Pension Service grew its holdings in shares of Equinix by 4.2% during the fourth quarter. National Pension Service now owns 83,389 shares of the financial services provider’s stock worth $35,073,000 after buying an additional 3,399 shares in the last quarter. Colony Group LLC acquired a new stake in shares of Equinix in the fourth quarter worth approximately $1,228,000. Legal & General Group Plc lifted its position in Equinix by 8.2% during the fourth quarter. Legal & General Group Plc now owns 359,283 shares of the financial services provider’s stock valued at $126,670,000 after buying an additional 27,233 shares in the last quarter. CapWealth Advisors LLC lifted its position in Equinix by 5.1% during the fourth quarter. CapWealth Advisors LLC now owns 39,093 shares of the financial services provider’s stock valued at $13,783,000 after buying an additional 1,909 shares in the last quarter. Finally, Zimmer Partners LP lifted its position in Equinix by 13.6% during the fourth quarter. Zimmer Partners LP now owns 71,000 shares of the financial services provider’s stock valued at $25,032,000 after buying an additional 8,500 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.
In related news, CEO Charles J. Meyers sold 3,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $425.92, for a total value of $1,440,887.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Camp Peter Van sold 3,418 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $429.76, for a total value of $1,468,919.68. Following the completion of the sale, the director now directly owns 8,024 shares of the company’s stock, valued at approximately $3,448,394.24. The disclosure for this sale can be found here. Insiders sold a total of 17,893 shares of company stock worth $7,665,409 in the last quarter. 0.51% of the stock is owned by corporate insiders.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($3.10). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Equinix had a return on equity of 6.88% and a net margin of 7.20%. Equinix’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Research analysts forecast that Equinix Inc will post 20.89 EPS for the current fiscal year.
A number of research analysts have weighed in on EQIX shares. Nomura lifted their price target on shares of Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Berenberg Bank began coverage on shares of Equinix in a research note on Tuesday, January 8th. They set a “buy” rating and a $477.00 price objective on the stock. Zacks Investment Research lowered shares of Equinix from a “hold” rating to a “sell” rating in a research note on Monday, February 11th. BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Credit Suisse Group lifted their price target on shares of Equinix from $467.00 to $474.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. Equinix has an average rating of “Buy” and an average price target of $491.08.
Equinix Company 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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