Equinix Inc (NASDAQ:EQIX) Institutional Investors Sentiment Unchanged in 2018 Q2

September 16, 2018 - By Richard Slagle

Equinix, Inc. (NASDAQ:REIT) Logo

Sentiment for Equinix Inc (NASDAQ:EQIX)

Equinix Inc (NASDAQ:EQIX) institutional sentiment is 1.27 in Q2 2018. Its the same as in 2018Q1. The ratio is the same, as only 257 hedge funds started new or increased equity positions, while 203 reduced and sold positions in Equinix Inc. The hedge funds in our partner’s database now have: 75.88 million shares, down from 76.70 million shares in 2018Q1. Also, the number of hedge funds holding Equinix Inc in their top 10 equity positions decreased from 31 to 26 for a decrease of 5. Sold All: 48 Reduced: 155 Increased: 190 New Position: 67.

Equinix, Inc. is a publicly owned real estate investment trust. The company has market cap of $35.63 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 129.3 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 0.97% or $4.3 during the last trading session, reaching $448.14. About 473,157 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 6.18% since September 16, 2017 and is downtrending. It has underperformed by 21.80% the S&P500.

Equinix, Inc. (NASDAQ:REIT) Ratings Coverage

Ratings analysis reveals 100% of Equinix’s analysts are positive. Out of 8 Wall Street analysts rating Equinix, 8 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $494 while the high is $550. The stock’s average target of $515.13 is 14.95% above today’s ($448.14) share price. EQIX was included in 13 notes of analysts from April 9, 2018. Credit Suisse maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, August 9 with “Outperform” rating. The stock of Equinix, Inc. (NASDAQ:REIT) has “Outperform” rating given on Thursday, June 21 by Cowen & Co. The stock of Equinix, Inc. (NASDAQ:REIT) has “Buy” rating given on Tuesday, April 17 by Deutsche Bank. As per Thursday, June 21, the company rating was maintained by Credit Suisse. On Thursday, May 3 the stock rating was maintained by Oppenheimer with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $500 target in Tuesday, July 17 report. The firm has “Buy” rating given on Thursday, May 31 by Deutsche Bank. Credit Suisse maintained it with “Outperform” rating and $525 target in Friday, April 27 report. On Thursday, August 9 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by BMO Capital Markets on Thursday, August 9 with “Outperform”.

Equinix, Inc. (NASDAQ:REIT) Ratings Chart

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