Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Equinix from $780.00 to $785.00 and gave the stock a “buy” rating in a research report on Friday, April 8th. Citigroup started coverage on shares of Equinix in a report on Sunday, March 20th. They set a “buy” rating for the company. Credit Suisse Group increased their target price on shares of Equinix from $673.00 to $714.00 and gave the company a “neutral” rating in a research note on Monday, April 25th. TheStreet cut shares of Equinix from a “b-” rating to a “c+” rating in a research note on Monday, June 13th. Finally, BMO Capital Markets reduced their target price on shares of Equinix from $825.00 to $770.00 in a research note on Thursday, May 26th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $849.93.
Shares of NASDAQ:EQIX opened at $632.81 on Friday. The stock has a fifty day moving average of $689.22 and a 200-day moving average of $726.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.91 and a current ratio of 1.91. Equinix has a one year low of $606.12 and a one year high of $885.26. The company has a market capitalization of $57.59 billion, a PE ratio of 116.75, a price-to-earnings-growth ratio of 3.03 and a beta of 0.46.
In other Equinix news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $651.91, for a total transaction of $32,595.50. Following the transaction, the director now directly owns 17,563 shares of the company’s stock, valued at approximately $11,449,495.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $658.39, for a total transaction of $658,390.00. Following the completion of the sale, the chief financial officer now directly owns 21,120 shares in the company, valued at $13,905,196.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,126 shares of company stock valued at $742,362. 0.32% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Equinix by 2.0% in the first quarter. Vanguard Group Inc. now owns 11,930,683 shares of the financial services provider’s stock worth $8,848,034,000 after buying an additional 228,639 shares during the last quarter. BlackRock Inc. grew its stake in Equinix by 5.2% in the fourth quarter. BlackRock Inc. now owns 8,928,856 shares of the financial services provider’s stock valued at $7,552,383,000 after purchasing an additional 441,521 shares during the last quarter. State Street Corp grew its stake in Equinix by 8.7% in the first quarter. State Street Corp now owns 5,377,560 shares of the financial services provider’s stock valued at $3,988,106,000 after purchasing an additional 430,704 shares during the last quarter. Capital International Investors boosted its holdings in Equinix by 2.9% in the fourth quarter. Capital International Investors now owns 2,575,828 shares of the financial services provider’s stock worth $2,178,713,000 after acquiring an additional 72,775 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Equinix by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,788,493 shares of the financial services provider’s stock worth $1,509,133,000 after acquiring an additional 61,992 shares in the last quarter. 92.68% of the stock is owned by institutional investors.
Equinix Company Profile (Get Rating)
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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