Investors purchased shares of Equinix, Inc. (NASDAQ:EQIX) on weakness during trading on Thursday following insider selling activity. $144.21 million flowed into the stock on the tick-up and $66.23 million flowed out of the stock on the tick-down, for a money net flow of $77.98 million into the stock. Of all equities tracked, Equinix had the 4th highest net in-flow for the day. Equinix traded down ($4.45) for the day and closed at $437.45Specifically, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $455.42, for a total value of $683,130.00. Following the completion of the sale, the chief financial officer now directly owns 29,596 shares of the company’s stock, valued at $13,478,610.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith D. Taylor sold 4,228 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $443.15, for a total transaction of $1,873,638.20. Following the transaction, the chief financial officer now directly owns 29,466 shares of the company’s stock, valued at $13,057,857.90. The disclosure for this sale can be found here. Insiders sold 23,110 shares of company stock valued at $10,382,238 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

EQIX has been the subject of several analyst reports. Berenberg Bank initiated coverage on shares of Equinix in a report on Tuesday, September 26th. They set a “buy” rating and a $550.00 price target for the company. Jefferies Group reissued a “hold” rating and set a $440.00 price target on shares of Equinix in a report on Thursday, October 12th. Barclays raised shares of Equinix from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $475.00 to $505.00 in a report on Wednesday, October 18th. UBS Group initiated coverage on shares of Equinix in a report on Wednesday, October 18th. They set a “neutral” rating for the company. Finally, Deutsche Bank initiated coverage on shares of Equinix in a report on Tuesday, October 24th. They set a “buy” rating and a $550.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Equinix presently has a consensus rating of “Buy” and an average target price of $504.00.

The stock has a market cap of $34,220.00, a PE ratio of 142.17, a P/E/G ratio of 1.53 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $1.39 by $2.24. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.95 earnings per share. analysts expect that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation grew its position in shares of Equinix by 2,550.0% in the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 255 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Equinix in the second quarter valued at approximately $127,000. Amica Retiree Medical Trust acquired a new stake in shares of Equinix in the third quarter valued at approximately $188,000. Commerce Bank acquired a new stake in shares of Equinix in the third quarter valued at approximately $203,000. Finally, Ithaka Group LLC acquired a new stake in shares of Equinix in the third quarter valued at approximately $223,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

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About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

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