Equinix, Inc. (NASDAQ:EQIX) Position Boosted by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,565 shares of the financial services provider’s stock after buying an additional 269 shares during the period. Perigon Wealth Management LLC’s holdings in Equinix were worth $627,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EQIX. BlackRock Inc. increased its stake in Equinix by 3,737.0% in the first quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock valued at $2,520,566,000 after buying an additional 6,131,516 shares during the last quarter. Vanguard Group Inc. increased its stake in Equinix by 9.9% in the first quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock valued at $5,279,456,000 after buying an additional 1,192,961 shares during the last quarter. Bank of Montreal Can increased its stake in Equinix by 398.9% in the first quarter. Bank of Montreal Can now owns 443,878 shares of the financial services provider’s stock valued at $177,716,000 after buying an additional 354,909 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Equinix by 840.2% in the first quarter. Canada Pension Plan Investment Board now owns 213,050 shares of the financial services provider’s stock valued at $85,299,000 after buying an additional 190,391 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Equinix by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 1,216,203 shares of the financial services provider’s stock valued at $486,931,000 after buying an additional 189,850 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Equinix, Inc. (NASDAQ EQIX) traded up 1.14% on Friday, reaching $447.90. The company had a trading volume of 393,816 shares. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $448.33.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.94. The business had revenue of $949.53 million for the quarter, compared to the consensus estimate of $946.89 million. Equinix had a net margin of 5.38% and a return on equity of 5.88%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Equities analysts expect that Equinix, Inc. will post $4.50 earnings per share for the current fiscal year.

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Several analysts recently weighed in on EQIX shares. Mitsubishi UFJ Financial Group started coverage on Equinix in a research note on Tuesday, April 25th. They issued an “overweight” rating and a $433.00 price target on the stock. Zacks Investment Research downgraded Equinix from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Cowen and Company increased their target price on Equinix from $453.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Jefferies Group LLC increased their target price on Equinix from $378.00 to $410.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $465.00 target price (up from $435.00) on shares of Equinix in a research note on Tuesday, April 25th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $456.50.

In related news, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $439.39, for a total value of $219,695.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles J. Meyers sold 154 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $426.66, for a total transaction of $65,705.64. Following the completion of the sale, the chief operating officer now owns 183 shares of the company’s stock, valued at approximately $78,078.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,853 shares of company stock worth $7,787,982. Insiders own 0.58% 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.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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