Equinix (NASDAQ:EQIX) Price Target Increased to $680.00 by Analysts at Deutsche Bank Aktiengesellschaft

Equinix (NASDAQ:EQIXGet Rating) had its price objective raised by Deutsche Bank Aktiengesellschaft from $635.00 to $680.00 in a research note published on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

Several other research firms have also issued reports on EQIX. Citigroup lowered their target price on shares of Equinix from $810.00 to $750.00 in a report on Sunday, November 13th. Morgan Stanley lowered their target price on shares of Equinix from $732.00 to $704.00 and set an equal weight rating for the company in a report on Wednesday, October 26th. The Goldman Sachs Group lowered their target price on shares of Equinix from $765.00 to $670.00 and set a buy rating for the company in a report on Wednesday, October 12th. Raymond James reduced their price target on shares of Equinix from $950.00 to $800.00 and set a strong-buy rating for the company in a research report on Tuesday, October 11th. Finally, StockNews.com raised shares of Equinix from a hold rating to a buy rating in a research report on Tuesday, November 15th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $751.18.

Equinix Stock Performance

Shares of EQIX opened at $647.41 on Thursday. The company has a 50-day simple moving average of $583.04 and a two-hundred day simple moving average of $635.82. Equinix has a one year low of $494.89 and a one year high of $853.42. The firm has a market capitalization of $59.91 billion, a PE ratio of 84.63, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.37 and a quick ratio of 2.37.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 16th will be issued a $3.10 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $12.40 dividend on an annualized basis and a dividend yield of 1.92%. Equinix’s dividend payout ratio (DPR) is presently 162.09%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 50 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $658.69, for a total value of $32,934.50. Following the sale, the director now directly owns 17,777 shares in the company, valued at approximately $11,709,532.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Charles J. Meyers sold 377 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $650.00, for a total transaction of $245,050.00. Following the transaction, the chief executive officer now directly owns 7,439 shares in the company, valued at approximately $4,835,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 50 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $658.69, for a total transaction of $32,934.50. Following the transaction, the director now owns 17,777 shares in the company, valued at $11,709,532.13. The disclosure for this sale can be found here. Insiders have sold a total of 492 shares of company stock worth $313,723 in the last three months. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Equinix

Hedge funds have recently added to or reduced their stakes in the company. Credit Agricole S A grew its holdings in Equinix by 7.2% during the 2nd quarter. Credit Agricole S A now owns 9,821 shares of the financial services provider’s stock valued at $6,452,000 after purchasing an additional 656 shares during the last quarter. Capital International Sarl grew its stake in Equinix by 0.8% in the 1st quarter. Capital International Sarl now owns 19,576 shares of the financial services provider’s stock worth $14,518,000 after acquiring an additional 158 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Equinix by 24.0% in the 1st quarter. Teacher Retirement System of Texas now owns 21,634 shares of the financial services provider’s stock worth $16,044,000 after acquiring an additional 4,184 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Equinix by 36.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 101 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 27 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Equinix by 2.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 2,392 shares of the financial services provider’s stock worth $1,572,000 after acquiring an additional 63 shares in the last quarter. 93.82% of the stock is currently owned by institutional investors.

Equinix Company Profile

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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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