Equinix, Inc. (NASDAQ:EQIX) was upgraded by investment analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a $505.00 target price on the financial services provider’s stock, up from their prior target price of $475.00. Barclays PLC’s price target would suggest a potential upside of 9.41% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada lifted their price objective on Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $410.00 price objective on shares of Equinix in a report on Tuesday, July 4th. Berenberg Bank began coverage on Equinix in a report on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price objective for the company. Finally, Cowen and Company reiterated a “buy” rating on shares of Equinix in a report on Friday, July 21st. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Equinix presently has an average rating of “Buy” and an average price target of $471.94.

Shares of Equinix (EQIX) traded up 1.62% during trading on Wednesday, hitting $469.07. 185,646 shares of the company were exchanged. Equinix has a 1-year low of $314.55 and a 1-year high of $475.28.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping the consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities analysts anticipate that Equinix will post $3.81 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Equinix, Inc. (EQIX) Lifted to “Overweight” at Barclays PLC” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/18/equinix-inc-eqix-stock-rating-upgraded-by-barclays-plc.html.

In other news, insider Karl Strohmeyer sold 250 shares of Equinix stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Camp Peter Van sold 4,444 shares of Equinix stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $445.81, for a total value of $1,981,179.64. Following the transaction, the director now directly owns 8,572 shares in the company, valued at $3,821,483.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,911 shares of company stock worth $4,469,647. Insiders own 0.58% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC lifted its holdings in Equinix by 17.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,832 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 267 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in Equinix by 13.9% in the 2nd quarter. Sentry Investment Management LLC now owns 6,134 shares of the financial services provider’s stock worth $2,632,000 after purchasing an additional 747 shares in the last quarter. Ashford Capital Management Inc. lifted its holdings in Equinix by 0.7% in the 2nd quarter. Ashford Capital Management Inc. now owns 5,295 shares of the financial services provider’s stock worth $2,272,000 after purchasing an additional 37 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Equinix by 25.9% in the 2nd quarter. Toronto Dominion Bank now owns 26,388 shares of the financial services provider’s stock worth $11,322,000 after purchasing an additional 5,431 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Equinix in the 2nd quarter worth approximately $275,000. 96.44% of the stock is currently 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.

Analyst Recommendations for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.