Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 590 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $443.92, for a total value of $261,912.80. Following the transaction, the insider now directly owns 1,658 shares in the company, valued at approximately $736,019.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Earl Campbell also recently made the following trade(s):

  • On Friday, December 15th, Michael Earl Campbell sold 200 shares of Equinix stock. The stock was sold at an average price of $462.43, for a total value of $92,486.00.
  • On Wednesday, November 15th, Michael Earl Campbell sold 200 shares of Equinix stock. The stock was sold at an average price of $479.37, for a total value of $95,874.00.

Shares of Equinix, Inc. (NASDAQ EQIX) opened at $437.89 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $34,257.89, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.52 and a beta of 0.46. Equinix, Inc. has a twelve month low of $361.90 and a twelve month high of $495.35.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $2.24. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. Equinix’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.95 earnings per share. equities research analysts forecast that Equinix, Inc. will post 16.11 EPS for the current fiscal year.

A number of research analysts recently weighed in on EQIX shares. Oppenheimer upped their price objective on Equinix from $472.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Barclays raised Equinix from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $475.00 to $505.00 in a report on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and set a $482.00 price objective on shares of Equinix in a report on Friday, November 10th. Morgan Stanley upped their price objective on Equinix from $424.00 to $435.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Credit Suisse Group set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $504.00.

A number of institutional investors have recently bought and sold shares of EQIX. FMR LLC boosted its stake in shares of Equinix by 0.4% during the second quarter. FMR LLC now owns 2,737,598 shares of the financial services provider’s stock valued at $1,174,868,000 after acquiring an additional 10,307 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,898,601 shares of the financial services provider’s stock valued at $847,345,000 after acquiring an additional 6,178 shares during the last quarter. Edgewood Management LLC boosted its stake in shares of Equinix by 1.0% during the third quarter. Edgewood Management LLC now owns 1,862,778 shares of the financial services provider’s stock valued at $831,358,000 after acquiring an additional 18,248 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Equinix by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 1,493,095 shares of the financial services provider’s stock valued at $666,367,000 after acquiring an additional 108,231 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Equinix by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,092,554 shares of the financial services provider’s stock valued at $487,600,000 after acquiring an additional 24,433 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Equinix, Inc. (EQIX) Insider Sells 590 Shares of Stock” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://theolympiareport.com/2018/01/21/insider-selling-equinix-inc-eqix-insider-sells-590-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.