Equinix, Inc. (EQIX) Director Camp Peter Van Sells 1,593 Shares

Equinix, Inc. (NASDAQ:EQIX) Director Camp Peter Van sold 1,593 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total value of $703,389.15. Following the completion of the sale, the director now directly owns 5,871 shares in the company, valued at $2,592,340.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Equinix, Inc. (EQIX) traded down $4.45 during mid-day trading on Friday, reaching $437.45. The company’s stock had a trading volume of 807,300 shares, compared to its average volume of 618,467. Equinix, Inc. has a 52 week low of $361.90 and a 52 week high of $495.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $34,220.00, a P/E ratio of 142.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.46.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $3.95 earnings per share. Equinix’s revenue was up 24.6% on a year-over-year basis. sell-side analysts anticipate that Equinix, Inc. will post 16.05 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Forsta AP Fonden lifted its holdings in Equinix by 33.8% in the third quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock valued at $13,434,000 after acquiring an additional 7,600 shares during the period. Amica Pension Fund Board of Trustees bought a new position in Equinix in the third quarter valued at about $1,235,000. Verition Fund Management LLC lifted its holdings in Equinix by 17.0% in the second quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 119 shares during the period. Stifel Financial Corp lifted its holdings in Equinix by 21.4% in the third quarter. Stifel Financial Corp now owns 3,552 shares of the financial services provider’s stock valued at $1,585,000 after acquiring an additional 627 shares during the period. Finally, Honeywell International Inc. lifted its holdings in Equinix by 30.0% in the third quarter. Honeywell International Inc. now owns 22,253 shares of the financial services provider’s stock valued at $9,932,000 after acquiring an additional 5,139 shares during the period. 94.17% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a $550.00 target price on shares of Equinix in a research note on Friday, November 3rd. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price on the stock in a research note on Monday, November 6th. Cowen reaffirmed a “buy” rating and set a $482.00 price target on shares of Equinix in a report on Friday, November 10th. Oppenheimer upped their price target on Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley upped their price target on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $504.00.

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About Equinix

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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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