Principal Financial Group INC Has Decreased Equinix INC (EQIX) Holding by $18.19 Million

May 26, 2018 - By Darrin Black

Equinix, Inc. (NASDAQ:REIT) LogoInvestors sentiment decreased to 1.33 in 2017 Q4. Its down 0.07, from 1.4 in 2017Q3. It dived, 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. Resolution Capital Limited holds 6.94% or 342,771 shares in its portfolio. Stifel owns 3,943 shares. Tci Wealth Advsr invested 0.01% in Equinix, Inc. (NASDAQ:REIT). Asset Mngmt Inc holds 0.12% of its portfolio in Equinix, Inc. (NASDAQ:REIT) for 8,067 shares. Lederer And Associate Counsel Ca has invested 0.34% in Equinix, Inc. (NASDAQ:REIT). British Columbia Corporation holds 0.19% or 58,263 shares. Teacher Retirement Systems Of Texas reported 0.06% stake. Pnc Finance Svcs Group Inc stated it has 10,435 shares. Fca Tx stated it has 0.13% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Suntrust Banks Incorporated has 0.01% invested in Equinix, Inc. (NASDAQ:REIT). 150,806 are owned by Credit Suisse Ag. Texas-based Smith Asset Grp Inc Lp has invested 0.16% in Equinix, Inc. (NASDAQ:REIT). Lone Pine Limited Com holds 1.12M shares. Kayne Anderson Capital Advsrs Lp owns 6,020 shares or 0.03% of their US portfolio. Aperio Limited Liability Corporation reported 35,130 shares.

Since December 14, 2017, it had 0 insider purchases, and 32 sales for $32.22 million activity. $2.40 million worth of Equinix, Inc. (NASDAQ:REIT) was sold by Lee Yau Tat. TAYLOR KEITH D sold $815,092 worth of stock. 5,296 shares were sold by LYONS IRVING F III, worth $2.07 million on Tuesday, March 6. Schwartz Eric sold 4,942 shares worth $2.19 million. $186,550 worth of Equinix, Inc. (NASDAQ:REIT) was sold by Campbell Michael Earl on Thursday, February 15. On Tuesday, January 16 the insider VAN CAMP PETER sold $703,395.

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 1.86 million 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 $108.61B US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 183,810 shares to 14.99M shares, valued at $542.79M in 2017Q4, according to the filing. It also increased its holding in Bristol Myers Squibb Co (NYSE:BMY) by 263,884 shares in the quarter, for a total of 2.87M shares, and has risen its stake in Rayonier Inc (NYSE:RYN).

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. Credit Suisse maintained the stock with “Outperform” rating in Friday, April 27 report. The firm has “Buy” rating by Guggenheim given on Thursday, January 25. As per Monday, January 29, the company rating was upgraded by UBS. The stock has “Buy” rating by Deutsche Bank on Tuesday, April 17. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Thursday, February 15 by Wells Fargo. Cowen & Co maintained the stock with “Buy” rating in Thursday, February 15 report. The firm has “Buy” rating given on Friday, January 26 by Cowen & Co. The stock has “Buy” rating by SunTrust on Wednesday, December 6. The firm has “Buy” rating given on Thursday, February 15 by Credit Suisse. Credit Suisse maintained it with “Buy” rating and $524.0 target in Wednesday, January 17 report.

Equinix, Inc. (NASDAQ:REIT) Ratings Chart

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