Equinix, Inc. (NASDAQ:EQIX) Short Interest Update

Equinix, Inc. (NASDAQ:EQIX) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,550,000 shares, an increase of 15.7% from the October 31st total of 1,340,000 shares. Based on an average daily volume of 474,700 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Ratings Changes

EQIX has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Scotiabank raised their price objective on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. Evercore ISI upped their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Cfra restated a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $962.56.

Insider Buying and Selling at Equinix

In related news, EVP Jonathan Lin sold 93 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the sale, the executive vice president now directly owns 7,141 shares in the company, valued at approximately $5,862,689.59. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. This trade represents a 44.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,441 shares of company stock valued at $16,188,337 in the last three months. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Equinix

Several large investors have recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. raised its stake in shares of Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 11 shares during the last quarter. GS Investments Inc. raised its position in Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after purchasing an additional 12 shares during the last quarter. Cypress Capital Group boosted its stake in Equinix by 2.3% in the second quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 13 shares in the last quarter. MRA Advisory Group grew its holdings in shares of Equinix by 3.2% during the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 13 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $1.19 during midday trading on Tuesday, reaching $963.65. 386,928 shares of the company traded hands, compared to its average volume of 532,407. Equinix has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $905.77 and its 200-day simple moving average is $835.66. The firm has a market cap of $92.98 billion, a PE ratio of 86.89, a PEG ratio of 2.48 and a beta of 0.72.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.77%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.