Shares of Equinix Inc. (NASDAQ:EQIX) have received a consensus rating of “Buy” from the nineteen research firms that are covering the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $398.04.

Several analysts have weighed in on EQIX shares. Zacks Investment Research cut Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Cowen and Company reiterated an “outperform” rating and set a $409.00 target price on shares of Equinix in a report on Thursday, September 22nd. Jefferies Group reiterated a “hold” rating on shares of Equinix in a report on Monday, August 29th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $415.00 target price on shares of Equinix in a report on Thursday, November 3rd. Finally, Oppenheimer Holdings Inc. upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 target price for the company in a report on Tuesday, September 6th.

Equinix (NASDAQ:EQIX) opened at 333.24 on Friday. The firm’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Equinix has a one year low of $255.45 and a one year high of $391.07.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $3.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.85 by $0.10. The business had revenue of $924.68 million for the quarter, compared to analysts’ expectations of $919.73 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. The business’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. On average, analysts anticipate that Equinix will post $14.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 16th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, November 14th. Equinix’s payout ratio is 648.15%.

In related news, insider Sara Baack sold 300 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $353.96, for a total value of $106,188.00. Following the completion of the transaction, the insider now owns 6,004 shares of the company’s stock, valued at approximately $2,125,175.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Charles J. Meyers sold 200 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $360.63, for a total transaction of $72,126.00. Following the completion of the transaction, the chief operating officer now directly owns 1,445 shares of the company’s stock, valued at approximately $521,110.35. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Equinix by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 619 shares of the company’s stock valued at $214,000 after buying an additional 4 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Equinix by 1.0% in the third quarter. Fulton Bank N.A. now owns 717 shares of the company’s stock valued at $258,000 after buying an additional 7 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Equinix by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,196 shares of the company’s stock valued at $791,000 after buying an additional 10 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of Equinix by 0.7% in the second quarter. Cleararc Capital Inc. now owns 1,703 shares of the company’s stock valued at $660,000 after buying an additional 11 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC increased its position in shares of Equinix by 0.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,362 shares of the company’s stock valued at $1,304,000 after buying an additional 12 shares in the last quarter. 99.34% 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.

5 Day Chart for NASDAQ:EQIX

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