Equinix (NASDAQ:EQIX) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Equinix (NASDAQ:EQIX) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $870.00 price objective on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on EQIX. Morgan Stanley cut their price objective on shares of Equinix from $767.00 to $762.00 and set an equal weight rating for the company in a research report on Thursday, March 28th. Truist Financial boosted their price objective on shares of Equinix from $915.00 to $950.00 and gave the company a buy rating in a research report on Monday, March 18th. TD Cowen cut their price objective on shares of Equinix from $862.00 to $859.00 and set a buy rating for the company in a research report on Friday, May 10th. Barclays boosted their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an equal weight rating in a research report on Thursday, May 30th. Finally, Oppenheimer boosted their price objective on shares of Equinix from $875.00 to $950.00 and gave the company an outperform rating in a research report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $872.33.

Equinix Trading Up 0.4 %

NASDAQ:EQIX opened at $759.68 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix has a 12 month low of $677.80 and a 12 month high of $914.93. The company has a market cap of $72.10 billion, a PE ratio of 76.20, a price-to-earnings-growth ratio of 2.63 and a beta of 0.68. The company has a 50 day simple moving average of $755.85 and a two-hundred day simple moving average of $800.12.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s payout ratio is currently 170.91%.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the sale, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the sale, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now owns 12,758 shares in the company, valued at $10,212,779. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new position in Equinix during the 4th quarter valued at about $1,574,132,000. Swedbank AB bought a new position in Equinix during the 1st quarter valued at about $294,526,000. Vanguard Group Inc. grew its holdings in Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock valued at $10,319,917,000 after purchasing an additional 238,815 shares during the last quarter. M&G Plc bought a new position in Equinix during the 1st quarter valued at about $187,089,000. Finally, Principal Financial Group Inc. grew its holdings in Equinix by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,649,308 shares of the financial services provider’s stock valued at $1,361,224,000 after purchasing an additional 213,740 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Company Profile

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.