Equinix (NASDAQ:EQIX) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
A number of other research firms also recently commented on EQIX. Credit Suisse Group set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a report on Monday, December 18th. Bank of America restated a “buy” rating and issued a $520.00 price objective (up previously from $450.21) on shares of Equinix in a report on Wednesday, December 13th. Oppenheimer increased their price objective on Equinix to $525.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. UBS Group upgraded Equinix from a “neutral” rating to a “buy” rating and set a $510.00 price objective on the stock in a report on Monday, January 29th. Finally, Barclays restated a “buy” rating and issued a $517.00 price objective on shares of Equinix in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. Equinix has an average rating of “Buy” and a consensus target price of $499.00.
Equinix (EQIX) opened at $413.71 on Thursday. The firm has a market capitalization of $32,120.00, a PE ratio of 137.90, a PEG ratio of 1.20 and a beta of 0.56. Equinix has a twelve month low of $370.79 and a twelve month high of $495.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.45.
In other news, Director Irving F. Lyons III sold 5,296 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $390.41, for a total value of $2,067,611.36. Following the completion of the sale, the director now directly owns 24,788 shares of the company’s stock, valued at $9,677,483.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Earl Campbell sold 200 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the completion of the sale, the insider now directly owns 925 shares of the company’s stock, valued at $427,747.75. The disclosure for this sale can be found here. Insiders have sold 34,982 shares of company stock valued at $14,820,937 in the last ninety days. Company insiders own 0.58% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of EQIX. Whittier Trust Co. boosted its position in shares of 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 boosted its position in shares of 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 stake in shares of Equinix in the fourth quarter valued at approximately $121,000. Truewealth LLC bought a new position in Equinix in the fourth quarter worth $137,000. Finally, Amica Retiree Medical Trust bought a new position in Equinix in the third quarter worth $188,000. 96.13% of the stock is owned by institutional investors.
Equinix Company Profile
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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