Equinix (NASDAQ:EQIX) Price Target Raised to $1,080.00 at Stifel Nicolaus

Equinix (NASDAQ:EQIX - Get Free Report) had its price target upped by analysts at Stifel Nicolaus from $995.00 to $1,080.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Stifel Nicolaus' target price would suggest a potential upside of 17.72% from the stock's previous close.

Other research analysts have also issued reports about the stock. TD Cowen lifted their price objective on shares of Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Scotiabank lifted their price objective on shares of Equinix from $954.00 to $985.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Equinix from $870.00 to $980.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Barclays boosted their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $952.88.

Equinix Stock Performance

Equinix stock traded down $5.53 during mid-day trading on Wednesday, reaching $917.47. The company's stock had a trading volume of 120,388 shares, compared to its average volume of 524,691. Equinix has a 12-month low of $684.14 and a 12-month high of $943.02. The company has a market capitalization of $88.53 billion, a P/E ratio of 82.73, a PEG ratio of 2.25 and a beta of 0.71. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The firm's fifty day moving average price is $888.28 and its two-hundred day moving average price is $821.59.

Insider Activity

In other Equinix news, EVP Scott Crenshaw sold 1,107 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $815.60, for a total value of $902,869.20. Following the transaction, the executive vice president now directly owns 4 shares in the company, valued at approximately $3,262.40. This represents a 99.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the company'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 directly owns 17,794 shares of the company's stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $11,666,756 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Equinix

Several large investors have recently added to or reduced their stakes in EQIX. BDF Gestion acquired a new position in Equinix during the second quarter worth about $2,659,000. Van ECK Associates Corp increased its position in Equinix by 9.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider's stock worth $18,099,000 after buying an additional 1,716 shares during the period. Bessemer Group Inc. grew its holdings in shares of Equinix by 159.4% during the 1st quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider's stock worth $1,854,000 after purchasing an additional 1,380 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in shares of Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider's stock worth $33,215,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in Equinix by 25.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider's stock valued at $279,516,000 after buying an additional 75,888 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

About Equinix

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.

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