Equinix Inc (NASDAQ:EQIX).
Lasalle Investment Management Securities LLC says it decreased its stake in Equinix Inc shares by 168,630 shares as reported in a filing on 11/15/2017. Its position stood at $113,692,000 a decrease of 37.4% according to the filing.
The following firms have recently changed their position in EQIX. As of the end of the quarter Agf Investments Inc. had disposed of a total of 7,603 shares trimming its stake by 4.5%. The value of the company’s investment in Equinix Inc went from $72,948,000 to $72,449,000 a change of $499,000 since the last quarter. As of quarter end Raymond James & Associates had bought 2,108 shares growing its holdings by 13.2%. The value of the total investment in Equinix Inc increased from $6,839,000 to $8,053,000 increasing 17.8% for the reporting period.
As of the end of the quarter Castle Ridge Investment Management Lp had disposed of a total of 10,710 shares trimming its position 51.4%. The value of the investment in Equinix Inc decreased from $8,939,000 to $4,517,000 a change of 49.5% quarter to quarter.
November 3 investment analysts at Berenberg Bank kept the company rating at “Buy” targeting a price of $550.00. Nomura raised the price target on November 2 boosting the projection from $490.00 to $510.00 and stated a “Buy” rating.
Equity analyst Morgan Stanley raised the price target on November 2 changing the forecast from $424.00 to $435.00 with a rating of “Equal Weight”. Oppenheimer Holdings raised the price target of the stock on November 2 changing the price objective from $472.00 to $500.00 with a “Outperform” recommendation.
On November 2 Credit Suisse Group left the stock rating at “Outperform” with a current price target of $515.00.
The company is trading down from yesterday’s close of 481.05. Equinix Inc currently has a P/E ratio of 155.09 and market cap is 37.63B. As of the latest earnings report the EPS was $3.08 with 78.23M shares outstanding.
Short traders are more bullish on the company if you evaluate the motion in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -3.12%. Short interest decreased 61,680 over that timeframe. Days to cover increased 3.0 to 6.0 and the percentage of shorted shares was 0.02% on October 13.