As Equinix INC (EQIX) Market Value Declined, Shareholder Principal Financial Group INC Has Cut Stake by $18.19 Million

May 26, 2018 - By Linda Rogers

Equinix, Inc. (NASDAQ:REIT) LogoInvestors sentiment decreased to 1.33 in Q4 2017. Its down 0.07, from 1.4 in 2017Q3. It fall, as 33 investors sold EQIX shares while 156 reduced holdings. 66 funds opened positions while 185 raised stakes. 74.06 million shares or 1.05% more from 73.29 million shares in 2017Q3 were reported. Cambridge Inv Rech invested 0% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Farmers Merchants Invs holds 0% or 26 shares. Exane Derivatives reported 0.08% in Equinix, Inc. (NASDAQ:REIT). Calamos Advsr Lc holds 0.02% or 8,111 shares in its portfolio. Fulton Natl Bank Na accumulated 596 shares. Andra Ap reported 4,700 shares. 3,227 were accumulated by Bnp Paribas Asset Management Hldg Sa. 463 are owned by Bryn Mawr Tru. Commonwealth Bancorporation Of Aus stated it has 160,673 shares or 0.71% of all its holdings. Millennium Management Limited owns 336,180 shares for 0.21% of their portfolio. State Board Of Administration Of Florida Retirement System holds 0.13% in Equinix, Inc. (NASDAQ:REIT) or 111,391 shares. The Japan-based Daiwa Securities has invested 4.43% in Equinix, Inc. (NASDAQ:REIT). Quantres Asset Mgmt Ltd has 600 shares for 0.17% of their portfolio. Rothschild Il accumulated 703 shares or 0.03% of the stock. Resolution Capital invested 6.94% in Equinix, Inc. (NASDAQ:REIT).

Since December 14, 2017, it had 0 buys, and 32 selling transactions for $32.22 million activity. Schwartz Eric had sold 4,942 shares worth $2.19M on Tuesday, January 16. Campbell Michael Earl had sold 464 shares worth $186,550. LYONS IRVING F III sold 5,296 shares worth $2.07 million. 6,112 shares valued at $2.71M were sold by STROHMEYER KARL on Tuesday, January 16. $653,297 worth of stock was sold by Meyers Charles J on Tuesday, February 27. Lee Yau Tat also sold $2.40M worth of Equinix, Inc. (NASDAQ:REIT) on Friday, May 11.

Principal Financial Group Inc decreased its stake in Equinix Inc (EQIX) by 2.11% based on its latest 2017Q4 regulatory filing with the SEC. Principal Financial Group Inc sold 40,149 shares as the company’s stock declined 8.22% with the market. The institutional investor held 1.86M shares of the consumer services company at the end of 2017Q4, valued at $842.29 million, down from 1.90M at the end of the previous reported quarter. Principal Financial Group Inc who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $30.83B market cap company. The stock increased 0.27% or $1.05 during the last trading session, reaching $388.05. About 332,179 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 6.74% since May 26, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Principal Financial Group Inc, which manages about $108.61 billion US Long portfolio, upped its stake in Brandywine Rlty Tr (NYSE:BDN) by 1.11M shares to 1.46 million shares, valued at $26.57M in 2017Q4, according to the filing. It also increased its holding in Amn Healthcare Services Inc (NYSE:AHS) by 288,207 shares in the quarter, for a total of 962,099 shares, and has risen its stake in Pulte Group Inc (NYSE:PHM).

Equinix, Inc. (NASDAQ:REIT) Ratings Coverage

Among 10 analysts covering Equinix (NASDAQ:EQIX), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Equinix had 14 analyst reports since December 6, 2017 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Friday, January 26. On Tuesday, April 17 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Buy” rating by Cowen & Co on Thursday, February 15. As per Thursday, February 15, the company rating was maintained by Credit Suisse. The firm has “Outperform” rating given on Friday, April 27 by Credit Suisse. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Thursday, May 3 by Oppenheimer. The rating was maintained by Credit Suisse with “Buy” on Wednesday, January 17. Wells Fargo maintained it with “Buy” rating and $485.0 target in Thursday, February 15 report. The rating was maintained by Jefferies on Thursday, February 15 with “Hold”. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Thursday, January 25 by Guggenheim.

Equinix, Inc. (NASDAQ:REIT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: