Equinix (NASDAQ:EQIX) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, January 25th.
EQIX has been the topic of several other reports. Credit Suisse Group reissued an “outperform” rating and set a $515.00 target price (up from $510.00) on shares of Equinix in a research note on Thursday, November 2nd. Oppenheimer upped their price target on Equinix to $525.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Barclays reaffirmed a “buy” rating and issued a $517.00 price target on shares of Equinix in a research note on Friday, January 19th. Berenberg Bank reaffirmed a “buy” rating and issued a $550.00 price target on shares of Equinix in a research note on Friday, November 3rd. Finally, UBS Group started coverage on Equinix in a research note on Wednesday, October 18th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $504.29.
Shares of Equinix (EQIX) opened at $431.45 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix has a 12-month low of $361.90 and a 12-month high of $495.35. The firm has a market capitalization of $33,310.00, a P/E ratio of 140.08, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42.
In other news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $438.43, for a total transaction of $657,645.00. Following the transaction, the chief financial officer now directly owns 29,066 shares of the company’s stock, valued at $12,743,406.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles J. Meyers sold 2,196 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $450.00, for a total value of $988,200.00. Following the transaction, the insider now directly owns 1,844 shares in the company, valued at $829,800. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,713 shares of company stock worth $11,057,354. Insiders own 0.58% of the company’s stock.
Several large investors have recently made changes to their positions in EQIX. Whittier Trust Co. lifted its holdings in Equinix by 191.5% in the fourth quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 157 shares during the period. Zions Bancorporation lifted its holdings in Equinix by 2,550.0% in the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 255 shares during the period. SeaCrest Wealth Management LLC bought a new position in Equinix in the fourth quarter valued at about $121,000. San Francisco Sentry Investment Group CA bought a new position in Equinix in the second quarter valued at about $127,000. Finally, Amica Retiree Medical Trust bought a new position in Equinix in the third quarter valued at about $188,000. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
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Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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