Equinix (NASDAQ:EQIX) Upgraded at Oppenheimer

Equinix (NASDAQ:EQIX) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, Briefing.com reports.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Equinix from $780.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. Wells Fargo & Company decreased their price target on Equinix from $810.00 to $740.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. JPMorgan Chase & Co. raised their price objective on Equinix from $825.00 to $900.00 in a research note on Friday, August 4th. Raymond James upped their target price on Equinix from $885.00 to $910.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Morgan Stanley lifted their price target on shares of Equinix from $725.00 to $785.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $824.10.

Equinix Price Performance

NASDAQ EQIX opened at $784.34 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $73.63 billion, a PE ratio of 84.34, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62. Equinix has a 12-month low of $640.92 and a 12-month high of $821.63. The company has a 50 day moving average price of $741.53 and a two-hundred day moving average price of $757.42.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,788 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $714.74, for a total value of $2,707,435.12. Following the completion of the transaction, the insider now directly owns 11,495 shares of the company’s stock, valued at $8,215,936.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equinix news, CAO Simon Miller sold 523 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $766.77, for a total transaction of $401,020.71. Following the transaction, the chief accounting officer now owns 4,262 shares of the company’s stock, valued at approximately $3,267,973.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 3,788 shares of Equinix stock in a transaction on Monday, October 30th. The shares were sold at an average price of $714.74, for a total value of $2,707,435.12. Following the completion of the sale, the insider now directly owns 11,495 shares of the company’s stock, valued at $8,215,936.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,297 shares of company stock worth $6,232,399. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Equinix

Large investors have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Equinix by 65.2% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 38 shares of the financial services provider’s stock worth $30,000 after buying an additional 15 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Equinix during the 1st quarter valued at $28,000. Providence Capital Advisors LLC bought a new stake in shares of Equinix during the 3rd quarter valued at $29,000. Larson Financial Group LLC boosted its position in shares of Equinix by 485.7% in the 2nd quarter. Larson Financial Group LLC now owns 41 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 34 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Equinix during the third quarter worth $36,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company. Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.