Equinix INC (EQIX) Stake Increased by Sustainable Growth Advisers Lp

September 30, 2018 - By Mark Babin

Equinix, Inc. (NASDAQ:REIT) LogoInvestors sentiment is 1.27 in Q2 2018. Its the same as in 2018Q1. It is the same, as 48 investors sold EQIX shares while 155 reduced holdings. only 67 funds opened positions while 190 raised stakes. 75.88 million shares or 1.07% less from 76.70 million shares in 2018Q1 were reported. Renaissance Limited Liability Company invested in 0% or 7,500 shares. Jacobs Levy Equity Mgmt accumulated 68,916 shares or 0.47% of the stock. State Board Of Administration Of Florida Retirement Sys reported 0.12% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Kentucky Retirement Sys owns 3,374 shares or 0.15% of their US portfolio. Royal Savings Bank Of Canada has 72,719 shares. Cleararc Cap invested in 0.12% or 2,049 shares. Blair William Co Il holds 15,961 shares or 0.05% of its portfolio. 219 are held by City Co. Citadel Limited Com has invested 0.04% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Teacher Retirement System Of Texas owns 0.04% invested in Equinix, Inc. (NASDAQ:REIT) for 16,069 shares. State Treasurer State Of Michigan has 0.08% invested in Equinix, Inc. (NASDAQ:REIT). The Massachusetts-based Fmr Llc has invested 0.14% in Equinix, Inc. (NASDAQ:REIT). Hudson Bay Ltd Partnership reported 17,066 shares. Moreover, Security Capital Research And Management has 2.7% invested in Equinix, Inc. (NASDAQ:REIT). Tarbox Family Office Inc reported 16 shares or 0% of all its holdings.

Since March 27, 2018, it had 0 insider buys, and 14 selling transactions for $7.56 million activity. On Monday, April 16 Meyers Charles J sold $161,984 worth of Equinix, Inc. (NASDAQ:REIT) or 400 shares. $210,000 worth of Equinix, Inc. (NASDAQ:REIT) was sold by Campbell Michael Earl on Thursday, June 21. Lee Yau Tat had sold 5,960 shares worth $2.40 million on Friday, May 11.

Sustainable Growth Advisers Lp increased its stake in Equinix Inc (EQIX) by 26.41% based on its latest 2018Q2 regulatory filing with the SEC. Sustainable Growth Advisers Lp bought 192,219 shares as the company’s stock rose 11.90% with the market. The institutional investor held 920,012 shares of the consumer services company at the end of 2018Q2, valued at $395.50 million, up from 727,793 at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in Equinix Inc for a number of months, seems to be bullish on the $34.42 billion market cap company. The stock increased 0.64% or $2.74 during the last trading session, reaching $432.89. About 620,514 shares traded or 26.57% up from the average. Equinix, Inc. (NASDAQ:EQIX) has declined 6.18% since September 30, 2017 and is downtrending. It has underperformed by 21.80% the S&P500.

Sustainable Growth Advisers Lp, which manages about $6.01 billion and $8.43B US Long portfolio, decreased its stake in Booking Holdings Inc by 34,158 shares to 106,661 shares, valued at $216.21M in 2018Q2, according to the filing. It also reduced its holding in Autodesk Inc (NASDAQ:ADSK) by 111,063 shares in the quarter, leaving it with 2.80 million shares, and cut its stake in Fomento Economico Mexicano Sab (NYSE:FMX).

Equinix, Inc. (NASDAQ:REIT) Ratings Coverage

Among 8 analysts covering Equinix (NASDAQ:EQIX), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Equinix had 13 analyst reports since April 9, 2018 according to SRatingsIntel. BMO Capital Markets maintained it with “Outperform” rating and $521 target in Thursday, August 9 report. Deutsche Bank maintained Equinix, Inc. (NASDAQ:REIT) rating on Thursday, May 31. Deutsche Bank has “Buy” rating and $540 target. The stock has “Buy” rating by Deutsche Bank on Tuesday, April 17. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, July 17. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Outperform” rating by Cowen & Co on Thursday, June 21. Credit Suisse maintained it with “Outperform” rating and $525 target in Friday, April 27 report. Oppenheimer maintained Equinix, Inc. (NASDAQ:REIT) rating on Thursday, May 3. Oppenheimer has “Buy” rating and $52500 target. Citigroup maintained the shares of EQIX in report on Thursday, August 9 with “Buy” rating. The rating was maintained by Credit Suisse on Thursday, June 21 with “Buy”. The company was maintained on Thursday, August 9 by Credit Suisse.

Equinix, Inc. (NASDAQ:REIT) Ratings Chart

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