Equinix, Inc. (NASDAQ:EQIX) Director Camp Peter Van sold 1,593 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Equinix, Inc. (NASDAQ EQIX) opened at $437.89 on Friday. Equinix, Inc. has a 1-year low of $361.90 and a 1-year high of $495.35. The stock has a market cap of $34,223.33, a P/E ratio of 144.52, a PEG ratio of 1.51 and a beta of 0.46. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51.

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

Several analysts have commented on the stock. Barclays restated a “buy” rating and issued a $517.00 price objective on shares of Equinix in a report on Friday. Credit Suisse Group set a $524.00 price objective on shares of Equinix and gave the stock an “outperform” rating in a report on Wednesday. BidaskClub lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Oppenheimer raised their price objective on shares of Equinix to $525.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. Finally, Bank of America restated a “buy” rating and issued a $520.00 price objective (up from $450.21) on shares of Equinix in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $504.00.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Forsta AP Fonden increased its position in shares of Equinix by 33.8% during 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 in the last quarter. Amica Pension Fund Board of Trustees bought a new stake in shares of Equinix during the third quarter valued at approximately $1,235,000. Verition Fund Management LLC increased its position in shares of Equinix by 17.0% during 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 in the last quarter. Stifel Financial Corp increased its position in shares of Equinix by 21.4% during 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 in the last quarter. Finally, Honeywell International Inc. increased its position in shares of Equinix by 30.0% during 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 in the last quarter. 94.17% of the stock is owned by institutional investors.

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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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