Equinix, Inc. $EQIX Shares Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,089 shares of the financial services provider’s stock after purchasing an additional 195 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Equinix were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Equinix by 23.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,159 shares of the financial services provider’s stock worth $12,059,000 after buying an additional 2,900 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Equinix by 1,230.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 13,542 shares of the financial services provider’s stock valued at $10,772,000 after purchasing an additional 12,524 shares in the last quarter. Solstein Capital LLC boosted its stake in Equinix by 4.6% during the 2nd quarter. Solstein Capital LLC now owns 366 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 16 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Equinix during the 2nd quarter worth $200,000. Finally, Wealthfront Advisers LLC boosted its stake in shares of Equinix by 1.6% during the 2nd quarter. Wealthfront Advisers LLC now owns 4,258 shares of the financial services provider’s stock worth $3,387,000 after acquiring an additional 67 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Mizuho cut their price objective on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a research report on Tuesday, July 1st. Finally, Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $957.38.

Equinix Trading Down 3.2%

EQIX stock opened at $816.13 on Wednesday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm has a market cap of $79.87 billion, a P/E ratio of 79.93, a P/E/G ratio of 1.46 and a beta of 0.92. The business’s 50 day moving average is $793.70 and its 200-day moving average is $815.73. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $9.22 EPS. Equities analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by insiders.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.