Brokerages Set Equinix, Inc. (NASDAQ:EQIX) PT at $976.81

Shares of Equinix, Inc. (NASDAQ:EQIX) have earned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $976.81.

EQIX has been the topic of a number of recent research reports. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. TD Cowen upped their price objective on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Evercore ISI raised their target price on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Barclays raised their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the sale, the chief financial officer now directly owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,398 shares of company stock worth $7,906,218. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Equinix during the second quarter worth about $36,000. Sugarloaf Wealth Management LLC raised its position in Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares in the last quarter. Finally, Dunhill Financial LLC lifted its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $942.66 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix has a one year low of $684.14 and a one year high of $994.03. The stock’s 50 day moving average price is $933.01 and its 200 day moving average price is $858.21. The firm has a market capitalization of $90.96 billion, a PE ratio of 85.00, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.