Today’s Ownership Action: Equinix Inc (NASDAQ:EQIX): Positive Stock Sentiment

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Ownership Action: Equinix Inc (NASDAQ:EQIX): Positive Stock Sentiment

Sentiment for Equinix Inc (NASDAQ:EQIX)

Equinix Inc (NASDAQ:EQIX) institutional sentiment decreased to 1.13 in Q2 2016. Its down -0.71, from 1.84 in 2016Q1. The ratio is negative, as 217 investment managers started new or increased equity positions, while 192 reduced and sold their holdings in Equinix Inc. The investment managers in our partner’s database now hold: 69.54 million shares, down from 72.54 million shares in 2016Q1. Also, the number of investment managers holding Equinix Inc in their top 10 equity positions increased from 36 to 40 for an increase of 4. Sold All: 39 Reduced: 153 Increased: 162 New Position: 55.

Equinix, Inc. is engaged in connecting companies to their clients and partners inside the interconnected data centers. The company has a market cap of $23.98 billion. The Firm operates in three divisions: Americas; Europe, the Middle East and Africa, and Asia-Pacific. It has a 381.98 P/E ratio. The Company’s platform Equinix combines a footprint of International Business Exchange data centers, interconnection opportunities and ecosystems.

The stock decreased 0.11% or $0.36 during the last trading session, hitting $335.98. Equinix Inc (NASDAQ:EQIX) has risen 3.67% since April 15, 2016 and is uptrending. It has underperformed by 0.96% the S&P500.

According to Zacks Investment Research, “Equinix designs, builds and operates neutral Internet Business Exchange centers where Internet businesses place their equipment and their network facilities in order to interconnect with each other. The neutral IBX centers provide content providers, application service providers and e- commerce companies with the ability to directly interconnect with a competitive choice of bandwidth providers, Internet service providers and site and performance management companies.”

Selkirk Management Llc holds 13.45% of its portfolio in Equinix Inc for 57,500 shares. Skytop Capital Management Llc owns 30,000 shares or 10.06% of their US portfolio. Moreover, Hmi Capital Llc has 9.77% invested in the company for 133,739 shares. The New York-based Ems Capital Lp has invested 9.71% in the stock. Fir Tree Inc., a New York-based fund reported 552,387 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 18 insider sales for $11.54 million net activity.

Equinix Inc (NASDAQ:EQIX) Ratings Coverage

Ratings analysis reveals 69% of Equinix’s analysts are positive. Out of 13 Wall Street analysts rating Equinix, 9 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $300 while the high is $420. The stock’s average target of $358.50 is 6.70% above today’s ($335.98) share price. EQIX was included in 22 notes of analysts from July 31, 2015. The stock of Equinix Inc (NASDAQ:EQIX) earned “Buy” rating by SunTrust on Tuesday, November 24. The firm has “Buy” rating given on Friday, August 12 by Canaccord Genuity. The rating was upgraded by Cowen & Co to “Outperform” on Friday, February 19. The stock of Equinix Inc (NASDAQ:EQIX) has “Neutral” rating given on Thursday, August 4 by Citigroup. On Thursday, July 30 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, January 5. The company was upgraded on Monday, January 4 by Wells Fargo. The firm has “Equal-Weight” rating given on Thursday, August 18 by Barclays Capital. The firm has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. Canaccord Genuity maintained Equinix Inc (NASDAQ:EQIX) on Monday, May 23 with “Buy” rating.

EQIX Company Profile

Equinix, Inc. (Equinix), incorporated on June 22, 1998, is engaged in connecting companies to their clients and partners inside the interconnected data centers. The Firm operates in three divisions: Americas; Europe, the Middle East and Africa (EMEA), and Asia-Pacific. The Company’s platform Equinix combines a footprint of International Business Exchange (IBX) data centers, interconnection opportunities and ecosystems. The Firm provides data center offerings, which consist of colocation, interconnection solutions, and managed Information Technology (IT) infrastructure and professional services. The Company’s Colocation offerings include cabinets, power and IBXflex. The Company’s Interconnection offerings include Physical Cross Connect/Direct Interconnections, Equinix Internet Exchange, Equinix Metro Connect, Internet Connectivity Services, Equinix Cloud Exchange and Equinix Performance Hub. The Company’s Equinix Professional Services include Cloud Consulting Services, Global Solutions Architects, Solution Validation Centers, Smart Hands Services, Equinix Customer Portal and Business Continuity Trading Rooms.

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By Marguerite Chambers


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