Equinix Inc (EQIX) Files Form 4 Insider Selling : Keith D Taylor Sells 1,000 Shares

Equinix Inc (EQIX): Keith D Taylor , Chief Financial Officer of Equinix Inc sold 1,000 shares on Apr 8, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $325.64 per share for a total value of $325,534.00.

Company has been under the radar of several Street Analysts.Equinix Inc is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 370 from a previous price target of $320 .The Rating was issued on Apr 7, 2016.Equinix Inc is Resumed by Barclays to Equal Weight and the brokerage firm has set the Price Target at $330. The Rating was issued on Mar 21, 2016.Equinix Inc is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Feb 29, 2016.Equinix Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 345 from a previous price target of $325 .The Rating was issued on Feb 22, 2016.

Currently the company Insiders own 0.78% of Equinix Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -12.62%.Institutional Investors own 98.88% of Equinix Inc shares.During last six month period, the net percent change held by insiders has seen a change of -13.45%.

Shares of Equinix Inc (EQIX) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -2 points or -0.61% at $323.99 with 6,09,213 shares getting traded. Post opening the session at $327.96, the shares hit an intraday low of $323.46 and an intraday high of $328 and the price vacillated in this range throughout the day. The company has a market cap of $22,364 M and the number of outstanding shares has been calculated to be 6,90,25,412 shares. The 52-week high of Equinix Inc is $334.18 and the 52-week low is $233.19.

Equinix Inc Money Flow Index Chart

Equinix Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation interconnection solutions and managed IT infrastructure services. The Company’s colocation offerings include Cabinets Power and IBXflex. Cabinets allows customer for colocating networking server and storage equipment. Power is an element of increasing importance in customers’ colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Company’s interconnection solutions enable scalable reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services such as Equinix Professional Services which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.

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