203,760 Shares in Equinix Inc. (EQIX) Acquired by Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. acquired a new position in shares of Equinix Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 203,760 shares of the company’s stock, valued at approximately $79,003,000. Equinix makes up 1.2% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 25th largest position. Duff & Phelps Investment Management Co. owned about 0.29% of Equinix at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Integrated Investment Consultants LLC raised its position in Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock valued at $110,000 after buying an additional 15 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Equinix during the first quarter valued at approximately $142,000. Park Avenue Institutional Advisers LLC raised its position in Equinix by 7.7% in the first quarter. Park Avenue Institutional Advisers LLC now owns 432 shares of the company’s stock valued at $143,000 after buying an additional 31 shares during the last quarter. Independent Portfolio Consultants Inc. acquired a new position in Equinix during the second quarter valued at approximately $161,000. Finally, Checchi Capital Advisers LLC raised its position in Equinix by 12.6% in the second quarter. Checchi Capital Advisers LLC now owns 553 shares of the company’s stock valued at $214,000 after buying an additional 62 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.
Equinix Inc. (NASDAQ:EQIX) traded up 1.33% during trading on Tuesday, reaching $365.94. 332,619 shares of the company were exchanged. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07. The firm’s 50 day moving average is $361.60 and its 200 day moving average is $359.57. The stock has a market capitalization of $26.01 billion, a PE ratio of 361.24 and a beta of 0.79.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.64 by $3.08. Equinix had a net margin of 2.07% and a return on equity of 6.02%. The business earned $900.50 million during the quarter, compared to analyst estimates of $893.99 million. During the same period in the previous year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. Analysts expect that Equinix Inc. will post $14.93 EPS for the current year.
Several research analysts have recently commented on EQIX shares. Barclays PLC raised their price objective on shares of Equinix from $340.00 to $360.00 in a research note on Tuesday, June 21st. Jefferies Group reissued a “buy” rating and issued a $380.00 price objective on shares of Equinix in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $433.00 price objective for the company in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. started coverage on shares of Equinix in a research note on Tuesday, July 5th. They issued a “buy” rating and a $435.00 price objective for the company. Finally, Canaccord Genuity reissued a “buy” rating on shares of Equinix in a research note on Sunday, June 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Equinix currently has an average rating of “Buy” and a consensus target price of $398.79.
In other Equinix news, COO Charles J. Meyers sold 200 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $364.90, for a total value of $72,980.00. Following the sale, the chief operating officer now directly owns 1,845 shares of the company’s stock, valued at $673,240.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sara Baack sold 300 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $353.96, for a total value of $106,188.00. Following the completion of the sale, the insider now directly owns 6,004 shares in the company, valued at $2,125,175.84. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
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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