JMP Securities Reiterates “Market Outperform” Rating for Equinix (NASDAQ:EQIX)

JMP Securities reissued their market outperform rating on shares of Equinix (NASDAQ:EQIX) in a research note issued to investors on Thursday,Benzinga reports. JMP Securities currently has a $1,200.00 target price on the financial services provider’s stock.

EQIX has been the subject of a number of other research reports. TD Cowen upped their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Truist Financial upped their target price on shares of Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Evercore ISI upped their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their target price on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $996.06.

Equinix Trading Up 0.2 %

NASDAQ EQIX opened at $938.34 on Thursday. The firm has a market capitalization of $90.54 billion, a price-to-earnings ratio of 84.61, a PEG ratio of 2.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix has a one year low of $684.14 and a one year high of $994.03. The company’s 50 day moving average price is $940.14 and its 200 day moving average price is $889.47.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now directly owns 17,794 shares in the company, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the sale, the chief financial officer now owns 18,966 shares in the company, valued at $18,419,399.88. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,801 shares of company stock worth $15,530,564 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Equinix

A number of hedge funds and other institutional investors have recently made changes to their positions in EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Equinix by 302.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock valued at $960,820,000 after acquiring an additional 813,666 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of Equinix by 89,348.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after buying an additional 398,494 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Equinix in the 4th quarter worth approximately $328,899,000. Adelante Capital Management LLC lifted its position in shares of Equinix by 202.3% during the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after buying an additional 344,114 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Equinix in the 4th quarter valued at $246,000. 94.94% of the stock is owned by institutional investors.

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.