B&I Capital AG Decreases Position in Equinix, Inc. $EQIX

B&I Capital AG lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 5.5% in the third quarter, HoldingsChannel.com reports. The fund owned 23,890 shares of the financial services provider’s stock after selling 1,392 shares during the quarter. Equinix comprises 6.5% of B&I Capital AG’s portfolio, making the stock its 4th biggest position. B&I Capital AG’s holdings in Equinix were worth $18,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EQIX. Campbell & CO Investment Adviser LLC increased its stake in Equinix by 21.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 67 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Equinix by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock worth $426,444,000 after purchasing an additional 7,409 shares in the last quarter. Chilton Capital Management LLC grew its holdings in shares of Equinix by 5.1% in the 3rd quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider’s stock valued at $28,908,000 after buying an additional 1,805 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Equinix by 13.5% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 485,538 shares of the financial services provider’s stock valued at $386,231,000 after buying an additional 57,630 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Equinix by 7.3% during the 3rd quarter. Nordea Investment Management AB now owns 483,483 shares of the financial services provider’s stock worth $376,193,000 after buying an additional 32,790 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Equinix from $940.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Morgan Stanley assumed coverage on Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price target for the company. HSBC set a $1,050.00 price target on shares of Equinix and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, UBS Group set a $959.00 target price on shares of Equinix in a report on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $959.64.

Insider Buying and Selling

In related news, CFO Keith D. Taylor sold 2,051 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the transaction, the chief financial officer directly owned 26,373 shares of the company’s stock, valued at approximately $21,208,375.41. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Shane Paladin sold 327 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $804.36, for a total value of $263,025.72. Following the sale, the insider directly owned 952 shares in the company, valued at $765,750.72. This represents a 25.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,590 shares of company stock valued at $15,366,046 in the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $820.93 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.32. The company has a market cap of $80.61 billion, a PE ratio of 75.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $953.41. The business’s 50 day moving average price is $769.84 and its two-hundred day moving average price is $784.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating the consensus estimate of $9.27 by $0.56. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $9.05 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.