Equities researchers at UBS AG initiated coverage on shares of Equinix, Inc. (NASDAQ:EQIX) in a research report issued to clients and investors on Wednesday. The brokerage set a “neutral” rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. Cowen and Company restated a “buy” rating on shares of Equinix in a report on Friday, July 21st. Credit Suisse Group initiated coverage on Equinix in a report on Friday, June 30th. They set an “outperform” rating and a $510.00 price objective for the company. BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and set a $410.00 price objective on shares of Equinix in a report on Tuesday, July 4th. Finally, Macquarie reiterated an “outperform” rating and issued a $450.00 target price on shares of Equinix in a report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Equinix has an average rating of “Buy” and an average price target of $471.94.

Equinix (NASDAQ:EQIX) opened at 461.58 on Wednesday. Equinix has a one year low of $314.55 and a one year high of $475.28.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Analysts anticipate that Equinix will post $3.81 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/equinix-inc-eqix-receives-new-coverage-from-analysts-at-ubs-ag/1638401.html.

In other Equinix news, insider Michael Earl Campbell sold 200 shares of Equinix stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $463.61, for a total transaction of $92,722.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl Strohmeyer sold 250 shares of Equinix stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $464.96, for a total value of $116,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,911 shares of company stock valued at $4,469,647. 0.58% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EQIX. BlackRock Inc. lifted its holdings in Equinix by 3,737.0% during the 1st quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after buying an additional 6,131,516 shares during the last quarter. Capital World Investors lifted its holdings in Equinix by 247.0% during the 2nd quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock worth $458,926,000 after buying an additional 761,220 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Equinix by 1,517.9% during the 2nd quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock worth $214,150,000 after buying an additional 468,162 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in Equinix during the 2nd quarter worth about $13,563,000. Finally, Nuveen Asset Management LLC lifted its holdings in Equinix by 64.8% during the 1st quarter. Nuveen Asset Management LLC now owns 672,053 shares of the financial services provider’s stock worth $269,070,000 after buying an additional 264,226 shares during the last quarter. 96.44% of the stock is owned by institutional investors.

Equinix Company Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Analyst Recommendations for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.