Equinix (NASDAQ:EQIX) PT Raised to $950.00 at Oppenheimer

Equinix (NASDAQ:EQIXFree Report) had its price target boosted by Oppenheimer from $875.00 to $950.00 in a research report released on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on EQIX. Barclays dropped their target price on shares of Equinix from $788.00 to $781.00 and set an equal weight rating for the company in a research report on Thursday, February 15th. KeyCorp began coverage on shares of Equinix in a report on Wednesday, December 6th. They issued a sector weight rating for the company. TheStreet upgraded shares of Equinix from a c+ rating to a b- rating in a report on Wednesday, November 29th. Stifel Nicolaus restated a buy rating and issued a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Equinix from $800.00 to $825.00 and gave the stock an equal weight rating in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinix presently has a consensus rating of Moderate Buy and a consensus price target of $869.00.

Get Our Latest Stock Report on Equinix

Equinix Trading Down 1.3 %

Shares of Equinix stock opened at $800.97 on Wednesday. Equinix has a 1 year low of $661.66 and a 1 year high of $914.93. The firm has a market cap of $75.79 billion, a PE ratio of 77.69, a PEG ratio of 1.97 and a beta of 0.59. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day simple moving average of $851.04 and a two-hundred day simple moving average of $797.25.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were issued a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a yield of 2.13%. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Insiders Place Their Bets

In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total value of $5,740,491.32. Following the completion of the transaction, the chief executive officer now directly owns 16,360 shares in the company, valued at approximately $13,090,944.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael Earl Campbell sold 2,199 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $799.92, for a total transaction of $1,759,024.08. Following the sale, the insider now directly owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Meyers sold 7,174 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total transaction of $5,740,491.32. Following the sale, the chief executive officer now directly owns 16,360 shares in the company, valued at $13,090,944.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,282 shares of company stock worth $14,788,771. 0.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Equinix

Institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. grew its position in Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 26 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in Equinix during the 3rd quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new stake in Equinix during the 4th quarter valued at about $32,000. Operose Advisors LLC purchased a new stake in shares of Equinix during the 3rd quarter valued at about $36,000. Finally, Asset Dedication LLC boosted its holdings in shares of Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 25 shares during the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

About Equinix

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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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Analyst Recommendations for Equinix (NASDAQ:EQIX)

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