Investors purchased shares of Equinix Inc. (NASDAQ:EQIX) on weakness during trading on Thursday. $61.01 million flowed into the stock on the tick-up and $52.58 million flowed out of the stock on the tick-down, for a money net flow of $8.43 million into the stock. Of all stocks tracked, Equinix had the 17th highest net in-flow for the day. Equinix traded down ($0.08) for the day and closed at $367.75

Several analysts have issued reports on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Equinix in a research report on Tuesday, July 5th. They issued a “buy” rating and a $435.00 price objective for the company. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $433.00 price target for the company in a research report on Tuesday, July 5th. Jefferies Group reissued a “buy” rating and set a $380.00 price target on shares of Equinix in a research report on Wednesday, July 6th. SunTrust Banks Inc. began coverage on shares of Equinix in a research report on Thursday, July 21st. They set a “buy” rating and a $445.00 price target for the company. Finally, Pacific Crest reissued an “overweight” rating and set a $457.00 price target on shares of Equinix in a research report on Monday, June 27th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $387.01.

The firm has a market cap of $25.64 billion and a P/E ratio of 363.03. The company’s 50-day moving average price is $378.26 and its 200 day moving average price is $339.98.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.64 by $3.08. The firm earned $900.50 million during the quarter, compared to analyst estimates of $893.99 million. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. On average, equities research analysts predict that Equinix Inc. will post $14.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 24th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, August 22nd.

In related news, Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $344.28, for a total value of $172,140.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Charles J. Meyers sold 200 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $364.90, for a total value of $72,980.00. Following the completion of the sale, the chief operating officer now directly owns 1,845 shares in the company, valued at approximately $673,240.50. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Employees Retirement System of Texas raised its stake in shares of Equinix by 0.4% in the fourth quarter. Employees Retirement System of Texas now owns 17,075 shares of the company’s stock valued at $5,163,000 after buying an additional 60 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Equinix by 0.4% in the fourth quarter. State of Tennessee Treasury Department now owns 25,459 shares of the company’s stock valued at $7,699,000 after buying an additional 94 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Equinix by 8.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,860 shares of the company’s stock valued at $2,074,000 after buying an additional 558 shares in the last quarter. US Bancorp DE raised its stake in shares of Equinix by 15.4% in the fourth quarter. US Bancorp DE now owns 5,167 shares of the company’s stock valued at $1,562,000 after buying an additional 691 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in shares of Equinix by 8.0% in the fourth quarter. Utah Retirement Systems now owns 12,412 shares of the company’s stock valued at $3,754,000 after buying an additional 921 shares in the last quarter.

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.

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