Equinix INC (EQIX) Shareholder Fred Alger Management INC Has Lowered Its Stake as Share Price Declined

July 13, 2018 - By Jenna Rose

Equinix, Inc. (NASDAQ:REIT) LogoInvestors sentiment decreased to 1.27 in Q1 2018. Its down 0.06, from 1.33 in 2017Q4. It turned negative, as 49 investors sold EQIX shares while 162 reduced holdings. 77 funds opened positions while 192 raised stakes. 76.70 million shares or 3.56% more from 74.06 million shares in 2017Q4 were reported. Washington Cap Mgmt has invested 0.42% in Equinix, Inc. (NASDAQ:REIT). Fincl Architects reported 0% stake. Hudock Cap Group Limited Com has 12 shares for 0% of their portfolio. The Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.04% in Equinix, Inc. (NASDAQ:REIT). Ems LP invested in 0.03% or 739 shares. Jefferies Group Ltd Llc owns 2,077 shares. Whitnell & Com owns 25 shares or 0% of their US portfolio. Asset Management One Ltd owns 125,153 shares. Honeywell holds 25,003 shares or 0.61% of its portfolio. The Kentucky-based Kentucky Retirement System has invested 0.15% in Equinix, Inc. (NASDAQ:REIT). Bnp Paribas Arbitrage Sa has 26,007 shares for 0% of their portfolio. 1,140 are owned by Walleye Trading. Comgest Global Investors Sas has invested 0.03% in Equinix, Inc. (NASDAQ:REIT). Principal Finance Grp reported 0.84% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Earnest Prns Ltd Liability Company reported 44 shares or 0% of all its holdings.

Since January 16, 2018, it had 0 insider buys, and 34 selling transactions for $33.24 million activity. $703,395 worth of Equinix, Inc. (NASDAQ:REIT) was sold by VAN CAMP PETER on Tuesday, January 16. $186,550 worth of Equinix, Inc. (NASDAQ:REIT) was sold by Campbell Michael Earl on Thursday, February 15. 1,500 shares valued at $618,653 were sold by TAYLOR KEITH D on Wednesday, April 18. Another trade for 1,114 shares valued at $435,490 was made by STROHMEYER KARL on Tuesday, February 27. On Tuesday, January 16 the insider Smith Stephen M sold $4.74M. Shares for $981,648 were sold by Schwartz Eric on Thursday, February 15.

Fred Alger Management Inc decreased its stake in Equinix Inc. (EQIX) by 5.64% based on its latest 2018Q1 regulatory filing with the SEC. Fred Alger Management Inc sold 35,752 shares as the company’s stock declined 1.56% with the market. The institutional investor held 598,125 shares of the consumer services company at the end of 2018Q1, valued at $250.10M, down from 633,877 at the end of the previous reported quarter. Fred Alger Management Inc who had been investing in Equinix Inc. for a number of months, seems to be less bullish one the $35.29B market cap company. The stock decreased 0.35% or $1.57 during the last trading session, reaching $444.1. About 176,946 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 12.79% since July 13, 2017 and is downtrending. It has underperformed by 25.36% the S&P500.

Fred Alger Management Inc, which manages about $21.12B and $21.51B US Long portfolio, upped its stake in Neogen Corp (NASDAQ:NEOG) by 172,324 shares to 603,525 shares, valued at $40.43M in 2018Q1, according to the filing. It also increased its holding in Zimmer Biomet Holdings Inc (ZMH) by 769,369 shares in the quarter, for a total of 804,246 shares, and has risen its stake in Bio (NASDAQ:TECH).

Equinix, Inc. (NASDAQ:REIT) Ratings Coverage

Among 9 analysts covering Equinix (NASDAQ:EQIX), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Equinix had 17 analyst reports since January 17, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse on Friday, April 27 with “Outperform”. The stock has “Buy” rating by Wells Fargo on Thursday, February 15. On Thursday, February 15 the stock rating was maintained by Jefferies with “Hold”. Credit Suisse maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, June 21 with “Buy” rating. The stock has “Buy” rating by Guggenheim on Thursday, February 15. The company was maintained on Thursday, February 15 by Credit Suisse. The firm has “Buy” rating by Credit Suisse given on Thursday, May 31. The company was maintained on Thursday, June 21 by Cowen & Co. Deutsche Bank maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, May 31 with “Buy” rating. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Oppenheimer on Thursday, May 3.

Equinix, Inc. (NASDAQ:REIT) Ratings Chart

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