WINTON GROUP Ltd cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 78.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,517 shares of the financial services provider’s stock after selling 5,643 shares during the period. WINTON GROUP Ltd’s holdings in Equinix were worth $651,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd grew its stake in shares of Equinix by 47.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 81 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Equinix by 1,033.3% during the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 217 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Equinix during the second quarter worth $127,000. Smithfield Trust Co. grew its stake in shares of Equinix by 19.1% during the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 54 shares during the period. Finally, Bienville Capital Management LLC acquired a new stake in shares of Equinix during the second quarter worth $213,000. 96.44% of the stock is owned by institutional investors and hedge funds.

EQIX has been the subject of a number of analyst reports. BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Cowen and Company reissued a “buy” rating on shares of Equinix in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $470.00 target price on shares of Equinix in a research note on Sunday, July 9th. Stifel Nicolaus reissued a “buy” rating and issued a $497.00 target price (up from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Berenberg Bank initiated coverage on Equinix in a research note on Tuesday, September 26th. They issued a “buy” rating and a $550.00 target price for the company. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $473.61.

Shares of Equinix, Inc. (NASDAQ EQIX) opened at 468.76 on Monday. The company has a market cap of $36.54 billion, a price-to-earnings ratio of 172.15 and a beta of 0.55. The company’s 50-day moving average price is $454.89 and its 200 day moving average price is $438.36. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $475.28.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $1.18. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Equities analysts predict that Equinix, Inc. will post $3.82 earnings per share for the current year.

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In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total transaction of $657,690.00. Following the completion of the transaction, the chief financial officer now owns 31,393 shares in the company, valued at approximately $13,764,574.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of Equinix stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $463.61, for a total value of $92,722.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,911 shares of company stock valued at $4,469,647 in the last quarter. Company insiders own 0.58% of the company’s stock.

About Equinix

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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