Live Stock Coverage: Equinix Inc Can’t Burn Your Long Portfolio. Has Another Strong Session

Live Stock Coverage: Equinix Inc Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Equinix Inc (NASDAQ:EQIX) is a huge mover today! About 312,249 shares traded hands. Equinix Inc (NASDAQ:EQIX) has risen 3.61% since April 5, 2016 and is uptrending. It has outperformed by 1.66% the S&P500.
The move comes after 8 months positive chart setup for the $25.41B company. It was reported on Nov, 8 by We have $494.77 PT which if reached, will make NASDAQ:EQIX worth $9.91 billion more.

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. Equinix has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wells Fargo on Monday, January 4 to “Outperform”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, May 23 report. As per Thursday, August 4, the company rating was maintained by Citigroup. The stock of Equinix Inc (NASDAQ:EQIX) has “Equal-Weight” rating given on Monday, March 21 by Barclays Capital. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 12. The stock of Equinix Inc (NASDAQ:EQIX) earned “Hold” rating by Jefferies on Friday, July 15. The stock of Equinix Inc (NASDAQ:EQIX) has “Buy” rating given on Tuesday, November 24 by SunTrust. The company was maintained on Thursday, August 18 by Barclays Capital. The rating was downgraded by Oppenheimer to “Perform” on Monday, March 14. Cowen & Co upgraded the stock to “Outperform” rating in Friday, February 19 report.

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 2016 Q2. Its down 0.71, from 1.84 in 2016Q1. The ratio turned negative, 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.
Moreover, Dai Ichi Life Insur Company has 0.13% invested in Equinix Inc (NASDAQ:EQIX) for 11,187 shares. Texas Permanent School Fund last reported 22,526 shares in the company. Neuberger Berman Limited Liability Corporation holds 0.17% of its portfolio in Equinix Inc (NASDAQ:EQIX) for 319,669 shares. The Alabama-based Kistler has invested 0.01% in Equinix Inc (NASDAQ:EQIX). Highland Cap Mgmt Ltd Liability Corp last reported 0.1% of its portfolio in the stock. Tarbox Gp reported 13 shares or 0% of all its holdings. Diam Limited has 8,447 shares for 0.05% of their US portfolio. Blackrock Ltd Liability Corp holds 0.04% of its portfolio in Equinix Inc (NASDAQ:EQIX) for 103,866 shares. Checchi Advisers Limited Company owns 553 shares or 0.02% of their US portfolio. Teton Advsr holds 0.5% of its portfolio in Equinix Inc (NASDAQ:EQIX) for 14,241 shares. Edgewood Mngmt Ltd Liability Corporation, a New York-based fund reported 1.67M shares. Gemmer Asset Mgmt Limited Liability owns 55 shares or 0.01% of their US portfolio. Eagle Boston Mgmt has 0.21% invested in the company for 3,973 shares. Clinton Gp last reported 1,175 shares in the company. Taylor Frigon Cap Ltd Liability Corporation has 5,246 shares for 2.12% of their US portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 19 selling transactions for $11.71 million net activity. Another trade for 3,621 shares valued at $1.33M was made by Smith Stephen M on Monday, June 6. $367,343 worth of Equinix Inc (NASDAQ:EQIX) was sold by TAYLOR KEITH D on Monday, August 29. $866,072 worth of Equinix Inc (NASDAQ:EQIX) was sold by Meyers Charles J on Thursday, September 1. Another trade for 5,600 shares valued at $2.01 million was made by CROSSLINK CAPITAL INC on Thursday, May 26. $275,408 worth of Equinix Inc (NASDAQ:EQIX) was sold by PAISLEY CHRISTOPHER B. $1.33M worth of Equinix Inc (NASDAQ:EQIX) was sold by Schwartz Eric. STROHMEYER KARL sold 2,143 shares worth $792,387.

More news for Equinix Inc (NASDAQ:EQIX) were recently published by:, which released: “Form 4 EQUINIX INC For: Nov 07 Filed by: Meyers Charles J” on November 08, 2016.‘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.

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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