Equinix Inc Institutional Investor Sentiment Up in 2017 Q4

April 23, 2018 - By Max Morgan

Equinix, Inc. (NASDAQ:REIT) Logo

Sentiment for Equinix Inc (NASDAQ:EQIX)

Equinix Inc (NASDAQ:EQIX) institutional sentiment decreased to 1.33 in 2017 Q4. Its down -0.07, from 1.4 in 2017Q3. The ratio fall, as 251 institutional investors increased and started new holdings, while 189 cut down and sold holdings in Equinix Inc. The institutional investors in our partner’s database now own: 74.06 million shares, up from 73.29 million shares in 2017Q3. Also, the number of institutional investors holding Equinix Inc in their top 10 holdings increased from 29 to 30 for an increase of 1. Sold All: 33 Reduced: 156 Increased: 185 New Position: 66.

Equinix, Inc. is a publicly owned real estate investment trust. The company has market cap of $32.25 billion. It provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It has a 135.66 P/E ratio. The firm provides colocation services and related offerings, including activities space, storage space, cabinets, and power for customersÂ’ colocation needs; interconnection services comprising physical cross connect/direct interconnections, Equinix Internet Exchange, Equinix Cloud Exchange, Equinix Metro Connect, and Internet connectivity services; and managed IT infrastructure services, including installation of customer equipment and cabling, as well as equipment rebooting and power cycling, card swapping, and emergency equipment replacement services.

The stock increased 0.23% or $0.92 during the last trading session, reaching $406.98. About 22,230 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 6.74% since April 23, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Equinix, Inc. (NASDAQ:REIT) Ratings Coverage

Ratings analysis reveals 94% of Equinix’s analysts are positive. Out of 16 Wall Street analysts rating Equinix, 15 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $475.0 while the high is $576.0. The stock’s average target of $524 is 28.75% above today’s ($406.98) share price. EQIX was included in 21 notes of analysts from October 24, 2017. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Tuesday, October 24 by Deutsche Bank. Credit Suisse maintained it with “Buy” rating and $519.0 target in Thursday, February 15 report. The firm has “Outperform” rating by Oppenheimer given on Thursday, November 2. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Cowen & Co on Friday, January 26. Guggenheim maintained the stock with “Buy” rating in Thursday, January 25 report. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Deutsche Bank on Tuesday, April 17. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Wednesday, January 17 by Credit Suisse. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Nomura on Thursday, November 2. The firm has “Buy” rating given on Monday, January 29 by UBS. J.P. Morgan upgraded the shares of EQIX in report on Thursday, November 2 to “Buy” rating.

Equinix, Inc. (NASDAQ:REIT) Ratings Chart

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