Hanseatic Management Services Inc. Acquires New Stake in Equinix Inc (NASDAQ:EQIX)

Hanseatic Management Services Inc. acquired a new stake in Equinix Inc (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,192 shares of the financial services provider’s stock, valued at approximately $601,000.

A number of other institutional investors have also recently bought and sold shares of EQIX. BlackRock Inc. lifted its position in shares of Equinix by 10.6% during the first quarter. BlackRock Inc. now owns 6,584,484 shares of the financial services provider’s stock worth $2,983,823,000 after acquiring an additional 632,328 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Equinix by 23.6% during the first quarter. Daiwa Securities Group Inc. now owns 1,314,451 shares of the financial services provider’s stock worth $595,656,000 after acquiring an additional 250,921 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Equinix by 24.2% during the first quarter. Pictet Asset Management Ltd. now owns 628,200 shares of the financial services provider’s stock worth $284,675,000 after acquiring an additional 122,286 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Equinix by 10.2% during the first quarter. Clearbridge Investments LLC now owns 1,219,458 shares of the financial services provider’s stock worth $552,610,000 after acquiring an additional 112,564 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Equinix by 11.7% during the first quarter. American Century Companies Inc. now owns 1,046,494 shares of the financial services provider’s stock worth $474,229,000 after acquiring an additional 109,404 shares in the last quarter. Institutional investors and hedge funds own 99.65% of the company’s stock.

Several research firms have issued reports on EQIX. Nomura set a $42.00 target price on General Motors and gave the stock a “hold” rating in a research report on Thursday, May 2nd. UBS Group increased their target price on Tableau Software to $134.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Stifel Nicolaus upped their price target on shares of Equinix from $505.00 to $542.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Mitsubishi UFJ Financial Group upped their price target on shares of Equinix from $460.00 to $484.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets set a $75.00 price target on shares of Westlake Chemical and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $509.67.

Shares of Equinix stock traded up $4.86 during trading on Wednesday, hitting $503.68. The stock had a trading volume of 172,012 shares, compared to its average volume of 281,685. The stock has a market capitalization of $40.33 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.70 and a beta of 0.73. Equinix Inc has a 12 month low of $335.29 and a 12 month high of $528.98. The company’s 50-day moving average price is $508.07. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.56 and a current ratio of 1.56.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $5.16 by ($3.72). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Equinix had a return on equity of 5.66% and a net margin of 8.06%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.21 EPS. On average, sell-side analysts expect that Equinix Inc will post 20.73 earnings per share for the current fiscal year.

In related news, insider Michael Earl Campbell sold 1,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $491.62, for a total value of $491,620.00. Following the transaction, the insider now owns 2,578 shares of the company’s stock, valued at $1,267,396.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 200 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $487.88, for a total value of $97,576.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,450 shares of company stock worth $1,202,784. 0.49% of the stock is owned by insiders.

About Equinix

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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