Equinix Inc Can’t Be More Risky. Option Traders Sell It

 Equinix Inc Can't Be More Risky. Option Traders Sell It

In today’s session Equinix Inc (EQIX) recorded an unusually high (1,165) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious EQIX decrease. With 1,165 contracts traded and 2594 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: EQIX161118P00320000 closed last at: $4.8 or 14.3% up. About 535,986 shares traded hands. Equinix Inc (NASDAQ:EQIX) has risen 2.69% since April 13, 2016 and is uptrending. It has underperformed by 1.24% 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. Equinix has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Wells Fargo given on Monday, January 4. Barclays Capital maintained it with “Equal-Weight” rating and $372 target price in Thursday, August 4 report. On Tuesday, January 5 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The company was maintained on Thursday, July 30 by Canaccord Genuity. On Friday, July 15 the stock rating was downgraded by Jefferies to “Hold”. Canaccord Genuity maintained the shares of EQIX in a report on Friday, August 12 with “Buy” rating. The stock of Equinix Inc (NASDAQ:EQIX) earned “Outperform” rating by RBC Capital Markets on Tuesday, July 28. On Tuesday, November 24 the stock rating was initiated by SunTrust with “Buy”. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, August 18 report. RBC Capital Markets maintained it with “Outperform” rating and $345 target price in Monday, February 22 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 dived, 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.
Gulf Intll Bancorp (Uk), a United Kingdom-based fund reported 20,205 shares. Hmi Cap holds 133,739 shares or 9.77% of its portfolio. The New Jersey-based Lord Abbett Company Ltd Liability has invested 0.16% in Equinix Inc (NASDAQ:EQIX). Kanaly owns 11 shares or 0% of their US portfolio. Conning holds 0.03% of its portfolio in Equinix Inc (NASDAQ:EQIX) for 1,620 shares. Moreover, Winslow Evans Crocker Inc has 0% invested in Equinix Inc (NASDAQ:EQIX) for 48 shares. Fulton Commercial Bank Na owns 710 shares or 0.03% of their US portfolio. Ftb Advsrs accumulated 0.01% or 153 shares. Jackson Square Prtn Limited Co accumulated 1.28 million shares or 2.08% of the stock. Old Mutual Customised Solutions (Proprietary) Limited owns 1,023 shares or 0.1% of their US portfolio. Duff Phelps Mgmt Com accumulated 203,760 shares or 1.18% of the stock. Sustainable Growth Advisers Lp last reported 3.71% of its portfolio in the stock. Strategy Asset Managers Ltd accumulated 8,129 shares or 0.72% of the stock. Citadel Advsrs Ltd Company accumulated 367,581 shares or 0.16% of the stock. Caisse De Depot Et Placement Du Quebec accumulated 0.01% or 5,716 shares.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 19 sales for $11.71 million net activity. Shares for $106,188 were sold by Baack Sara on Thursday, September 15. The insider STROHMEYER KARL sold 2,143 shares worth $792,387. 200 shares were sold by Meyers Charles J, worth $72,980. The insider TAYLOR KEITH D sold 1,000 shares worth $366,601. $275,408 worth of Equinix Inc (NASDAQ:EQIX) shares were sold by PAISLEY CHRISTOPHER B. Lee Yau Tat also sold $589,157 worth of Equinix Inc (NASDAQ:EQIX) on Thursday, June 2. $2.01M worth of Equinix Inc (NASDAQ:EQIX) was sold by CROSSLINK CAPITAL INC.

Equinix, Inc. is engaged in connecting companies to their clients and partners inside the interconnected data centers. The company has a market cap of $23.87 billion. The Firm operates in three divisions: Americas; Europe, the Middle East and Africa, and Asia-Pacific. It has a 380.22 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.

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