Redpoint Investment Management Pty Ltd Acquires 114 Shares of Equinix, Inc. (REIT) (NASDAQ:EQIX)


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Redpoint Investment Management Pty Ltd boosted its holdings in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,397 shares of the financial services provider’s stock after buying an additional 114 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Equinix were worth $1,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its holdings in Equinix by 2.1% in the 3rd quarter. BlackRock Inc. now owns 6,723,591 shares of the financial services provider’s stock valued at $5,110,803,000 after buying an additional 140,406 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Equinix by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,787,159 shares of the financial services provider’s stock worth $1,364,427,000 after purchasing an additional 257,258 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Equinix by 11.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,017,539 shares of the financial services provider’s stock worth $773,462,000 after purchasing an additional 107,473 shares during the last quarter. California Public Employees Retirement System raised its holdings in Equinix by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 469,669 shares of the financial services provider’s stock worth $357,009,000 after purchasing an additional 7,384 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in Equinix by 6.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 462,104 shares of the financial services provider’s stock worth $351,259,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 83.23% of the company’s stock.

NASDAQ EQIX opened at $690.12 on Thursday. The stock has a market capitalization of $61.49 billion, a price-to-earnings ratio of 135.32, a PEG ratio of 2.27 and a beta of 0.30. Equinix, Inc. has a one year low of $477.87 and a one year high of $839.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.07 and a quick ratio of 1.07. The business’s fifty day moving average is $698.01 and its 200-day moving average is $745.32.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 28th. The financial services provider reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $5.45 by ($4.71). Equinix had a return on equity of 4.62% and a net margin of 7.58%. Research analysts expect that Equinix, Inc. will post 21.85 EPS for the current fiscal year.

Several research analysts have issued reports on EQIX shares. TheStreet lowered shares of Equinix from a “b-” rating to a “c+” rating in a report on Wednesday, January 6th. Royal Bank of Canada lowered their price target on shares of Equinix from $845.00 to $825.00 and set an “outperform” rating for the company in a report on Tuesday, November 3rd. BMO Capital Markets raised their price target on shares of Equinix from $825.00 to $830.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Credit Suisse Group raised their price objective on shares of Equinix from $782.00 to $818.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Finally, BidaskClub downgraded shares of Equinix from a “buy” rating to a “hold” rating in a research report on Friday, October 23rd. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Equinix has an average rating of “Buy” and an average price target of $804.45.

In related news, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $749.67, for a total value of $749,670.00. Following the sale, the chief financial officer now directly owns 30,567 shares in the company, valued at approximately $22,915,162.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 200 shares of the business’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $762.57, for a total value of $152,514.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock worth $9,025,959 over the last quarter. Company insiders own 0.51% of the company’s stock.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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