Will Equinix Inc Go Down Anytime Soon? Option Trader Believe So

 Will Equinix Inc Go Down Anytime Soon? Option Trader Believe So

In today’s session Equinix Inc (EQIX) recorded an unusually high (528) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious EQIX decrease. With 528 contracts traded and 1464 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: EQIX161216P00350000 closed last at: $15.9 or 96.3% up. The stock increased 0.08% or $0.3 during the last trading session, hitting $360.25. About 4,924 shares traded hands. Equinix Inc (NASDAQ:EQIX) has risen 7.78% since March 29, 2016 and is uptrending. It has outperformed by 4.31% the S&P500.

Equinix Inc (NASDAQ:EQIX) Ratings Coverage

Out of 13 analysts covering Equinix (NASDAQ:EQIX), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. $420 is the highest target while $300 is the lowest. The $358.50 average target is -0.49% below today’s ($360.25) stock price. Equinix has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, January 5 by Stifel Nicolaus. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, August 4. The company was maintained on Thursday, August 4 by Citigroup. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 12. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, October 29. On Thursday, July 30 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock has “Outperform” rating given by RBC Capital Markets on Monday, February 22. On Tuesday, July 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Wells Fargo on Monday, January 4 to “Outperform”. The stock of Equinix Inc (NASDAQ:EQIX) earned “Buy” rating by Canaccord Genuity on Monday, May 23.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.71, from 1.84 in 2016Q1. The ratio fall, as 39 funds sold all Equinix Inc shares owned while 153 reduced positions. 55 funds bought stakes while 162 increased positions. They now own 69.54 million shares or 4.14% less from 72.54 million shares in 2016Q1.
Teachers Insur And Annuity Association Of America has 1.27% invested in the company for 74,200 shares. Tiverton Asset Limited Liability last reported 179,438 shares in the company. Edgewood Mgmt Limited Com accumulated 4.74% or 1.67 million shares. The California-based Reilly Advisors Ltd Liability Com has invested 0% in Equinix Inc (NASDAQ:EQIX). Rainier Inv Llc owns 77,040 shares or 1.44% of their US portfolio. The New Mexico-based Thornburg Inv Mgmt has invested 0.01% in Equinix Inc (NASDAQ:EQIX). Winton Gp Limited accumulated 0.13% or 20,993 shares. Aqr Capital Management Limited Liability Company accumulated 88,685 shares or 0.06% of the stock. Heitman Real Limited holds 2.41% of its portfolio in Equinix Inc (NASDAQ:EQIX) for 114,661 shares. Moreover, Blair William Il has 0.02% invested in Equinix Inc (NASDAQ:EQIX) for 6,328 shares. Cleararc Cap Inc accumulated 1,703 shares or 0.13% of the stock. Egerton (Uk) Ltd Liability Partnership holds 212,788 shares or 0.93% of its portfolio. Barometer Mgmt last reported 3.16% of its portfolio in the stock. Amica Pension Fund Board Of Trustees has 3,862 shares for 0.2% of their US portfolio. Driehaus Capital Mngmt Ltd Liability Company owns 5,311 shares or 0.07% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 21 selling transactions for $15.61 million net activity. Schwartz Eric sold $31,713 worth of stock or 86 shares. Baack Sara sold 300 shares worth $106,188. On Friday, May 27 the insider Hughes John L sold $32,534. 1,000 Equinix Inc (NASDAQ:EQIX) shares with value of $366,601 were sold by TAYLOR KEITH D. $172,140 worth of Equinix Inc (NASDAQ:EQIX) was sold by PAISLEY CHRISTOPHER B on Friday, May 20. Shares for $72,980 were sold by Meyers Charles J on Monday, August 8. On Thursday, September 1 STROHMEYER KARL sold $792,387 worth of the stock or 2,143 shares.

Equinix, Inc. is engaged in connecting companies to their clients and partners inside the interconnected data centers. The company has a market cap of $25.60 billion. The Firm operates in three divisions: Americas; Europe, the Middle East and Africa, and Asia-Pacific. It has a 403.1 P/E ratio. The Company’s platform Equinix combines a footprint of International Business Exchange data centers, interconnection opportunities and ecosystems.

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.

More news for Equinix Inc (NASDAQ:EQIX) were recently published by: Fool.com, which released: “Equinix, Inc. Earnings: Growth by Acquisition” on August 04, 2016. Prnewswire.com‘s article titled: “Equinix Collaborates with VMware to Bring Direct, Private Access to vCloud Air …” and published on October 17, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment