American Assets Capital Advisers LLC Raises Stake in Equinix Inc (EQIX)

American Assets Capital Advisers LLC lifted its position in shares of Equinix Inc (NASDAQ:EQIX) by 6.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,566 shares of the financial services provider’s stock after purchasing an additional 3,197 shares during the quarter. Equinix accounts for 4.1% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 11th largest holding. American Assets Capital Advisers LLC owned 0.06% of Equinix worth $21,738,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EQIX. BP PLC grew its holdings in Equinix by 14.9% during the second quarter. BP PLC now owns 10,000 shares of the financial services provider’s stock worth $4,299,000 after buying an additional 1,300 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Equinix by 126.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 96,640 shares of the financial services provider’s stock worth $41,544,000 after buying an additional 53,898 shares in the last quarter. Shufro Rose & Co. LLC grew its holdings in Equinix by 16.7% during the second quarter. Shufro Rose & Co. LLC now owns 3,685 shares of the financial services provider’s stock worth $1,584,000 after buying an additional 527 shares in the last quarter. Advisory Services Network LLC grew its holdings in Equinix by 64.6% during the second quarter. Advisory Services Network LLC now owns 665 shares of the financial services provider’s stock worth $289,000 after buying an additional 261 shares in the last quarter. Finally, Middleton & Co Inc MA grew its holdings in Equinix by 4.4% during the second quarter. Middleton & Co Inc MA now owns 15,689 shares of the financial services provider’s stock worth $6,745,000 after buying an additional 660 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.

Equinix traded down $10.58, reaching $432.62, during trading on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 47,271 shares, compared to its average volume of 435,723. The company has a market capitalization of $35.22 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.46 and a beta of 0.45. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.36 and a quick ratio of 2.36. Equinix Inc has a 12 month low of $370.79 and a 12 month high of $495.35.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($2.91). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equinix had a net margin of 5.48% and a return on equity of 7.00%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.14 EPS. sell-side analysts anticipate that Equinix Inc will post 18.86 earnings per share for the current year.

Several equities research analysts recently issued reports on EQIX shares. Moffett Nathanson started coverage on Equinix in a report on Monday, April 9th. They set a “buy” rating and a $515.00 price target for the company. Deutsche Bank upped their price target on Equinix from $545.00 to $550.00 and gave the stock a “buy” rating in a report on Tuesday, April 17th. Credit Suisse Group upped their price target on Equinix from $519.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, April 27th. ValuEngine downgraded Equinix from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Finally, Zacks Investment Research upgraded Equinix from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $509.76.

In other news, insider Michael Earl Campbell sold 250 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $443.14, for a total transaction of $110,785.00. Following the completion of the transaction, the insider now owns 1,677 shares in the company, valued at approximately $743,145.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $392.75, for a total value of $785,500.00. Following the transaction, the chief financial officer now owns 26,241 shares of the company’s stock, valued at approximately $10,306,152.75. The disclosure for this sale can be found here. Insiders sold a total of 11,010 shares of company stock valued at $4,466,691 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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