AMF Pensionsforsakring AB held its stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,050 shares of the financial services provider’s stock at the end of the second quarter. AMF Pensionsforsakring AB’s holdings in Equinix were worth $9,229,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd boosted its stake in shares of Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Equinix during the first quarter worth $112,000. Guardian Life Insurance Co. of America boosted its stake in shares of Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in shares of Equinix by 31.9% in the first quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock worth $165,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Shares of Equinix, Inc. (NASDAQ:EQIX) opened at 440.04 on Thursday. Equinix, Inc. has a one year low of $314.55 and a one year high of $447.26. The company has a 50-day moving average of $433.51 and a 200 day moving average of $406.96.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $4.14 EPS for the quarter, topping the consensus estimate of $3.20 by $0.94. The firm had revenue of $949.53 million during the quarter, compared to analyst estimates of $946.89 million. Equinix had a net margin of 5.38% and a return on equity of 5.88%. Equinix’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. On average, equities analysts forecast that Equinix, Inc. will post $4.50 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on EQIX. Macquarie began coverage on shares of Equinix in a report on Thursday, April 6th. They issued an “outperform” rating and a $450.00 price objective on the stock. Canaccord Genuity restated a “buy” rating and issued a $465.00 price objective on shares of Equinix in a report on Thursday, April 27th. BidaskClub upgraded shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus restated a “buy” rating and issued a $465.00 price objective (up previously from $435.00) on shares of Equinix in a report on Tuesday, April 25th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $409.00 price objective (up previously from $374.00) on shares of Equinix in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $456.50.

In other Equinix news, CEO Stephen M. Smith sold 5,348 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the sale, the chief executive officer now owns 18,967 shares of the company’s stock, valued at approximately $8,205,124.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $436.12, for a total transaction of $436,120.00. Following the sale, the chief financial officer now directly owns 32,996 shares in the company, valued at approximately $14,390,215.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,853 shares of company stock worth $7,787,982. 0.58% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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