Equinix, Inc. (EQIX) Reaches $425.81 Formed H&S; 12 Analysts Bullish Ellie Mae, Inc. (ELLI)

Among 17 analysts covering Elli Mae (NYSE:ELLI), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Elli Mae had 51 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Thursday, July 23. The firm earned “Sector Perform” rating on Monday, April 24 by RBC Capital Markets. RBC Capital Markets upgraded Ellie Mae, Inc. (NYSE:ELLI) on Wednesday, October 18 to “Outperform” rating. The rating was maintained by Oppenheimer with “Buy” on Tuesday, July 25. The stock has “Overweight” rating by Stephens on Wednesday, January 6. FBR Capital maintained the shares of ELLI in report on Friday, April 29 with “Mkt Perform” rating. TH Capital maintained Ellie Mae, Inc. (NYSE:ELLI) on Friday, July 31 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $115 target in Thursday, July 20 report. The stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Overweight” rating by Pacific Crest on Tuesday, September 6. The firm has “Outperform” rating by William Blair given on Monday, April 3. See Ellie Mae, Inc. (NYSE:ELLI) latest ratings:

05/02/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $116 New Target: $118 Maintain
31/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $106.0 Maintain
30/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $101 New Target: $109 Maintain
09/01/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $100 Upgrade
03/01/2018 Broker: Compass Point Rating: Sell New Target: $65 Initiates Coverage On
19/11/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $116.0 Maintain
27/10/2017 Broker: Needham Rating: Buy New Target: $105.0 Maintain
27/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $92 New Target: $100 Maintain
18/10/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Old Target: $90 Upgrade
08/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $90.0 Maintain

Equinix, Inc. (EQIX) formed H&S with $400.26 target or 6.00% below today’s $425.81 share price. Equinix, Inc. (EQIX) has $33.31B valuation. The stock increased 3.86% or $15.83 during the last trading session, reaching $425.81. About 1.05M shares traded or 98.44% up from the average. Equinix, Inc. (NASDAQ:REIT) has 0.00% since February 10, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Equinix, Inc. (NASDAQ:REIT) to report earnings on February, 21. They expect $4.22 earnings per share, up 3.43% or $0.14 from last year’s $4.08 per share. EQIX’s profit will be $330.15M for 25.23 P/E if the $4.22 EPS becomes a reality. After $4.97 actual earnings per share reported by Equinix, Inc. for the previous quarter, Wall Street now forecasts -15.09% negative EPS growth.

Investors sentiment decreased to 1.4 in 2017 Q3. Its down 0.06, from 1.46 in 2017Q2. It dived, as 24 investors sold Equinix, Inc. shares while 144 reduced holdings. 59 funds opened positions while 177 raised stakes. 73.29 million shares or 0.60% less from 73.73 million shares in 2017Q2 were reported. Kbc Grp Nv holds 37,698 shares. First Republic Investment Management Incorporated owns 2,025 shares. Checchi Cap Advisers Lc holds 0.03% of its portfolio in Equinix, Inc. (NASDAQ:REIT) for 696 shares. Reilly Advsrs Ltd Com reported 16 shares. Raymond James Trust Na accumulated 0.02% or 562 shares. Goldman Sachs Grp Inc has invested 0.15% in Equinix, Inc. (NASDAQ:REIT). Pggm Invs holds 9,472 shares or 0.02% of its portfolio. Rampart Investment Mgmt Company Ltd Liability has invested 0.16% in Equinix, Inc. (NASDAQ:REIT). Mutual Of America Cap Mgmt Lc has invested 0.07% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Victory Incorporated holds 158,325 shares or 0.16% of its portfolio. State Of Alaska Department Of Revenue invested in 0.98% or 43,112 shares. Fort Washington Advsrs Oh holds 0.01% of its portfolio in Equinix, Inc. (NASDAQ:REIT) for 900 shares. Forward Management Limited Liability reported 0.07% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Agf reported 0.79% stake. Kayne Anderson Capital Advisors Limited Partnership invested in 0.06% or 10,870 shares.

Since September 1, 2017, it had 0 insider purchases, and 13 insider sales for $18.39 million activity. Schwartz Eric sold $2.19M worth of Equinix, Inc. (NASDAQ:REIT) on Tuesday, January 16. Another trade for 1,090 shares valued at $501,183 was made by Meyers Charles J on Friday, September 1. The insider TAYLOR KEITH D sold 4,228 shares worth $1.87 million. 590 shares were sold by Campbell Michael Earl, worth $261,914 on Tuesday, January 16. Another trade for 6,112 shares valued at $2.71 million was made by STROHMEYER KARL on Tuesday, January 16. The insider Smith Stephen M sold 10,706 shares worth $4.74M. VAN CAMP PETER sold $703,395 worth of stock.

Since August 16, 2017, it had 0 insider buys, and 12 insider sales for $5.32 million activity. Another trade for 1,728 shares valued at $172,800 was sold by BLASING KAREN. On Tuesday, January 2 Anderman Sigmund sold $1.66 million worth of Ellie Mae, Inc. (NYSE:ELLI) or 18,726 shares. Another trade for 1,817 shares valued at $153,172 was made by HIRSCH PETER on Wednesday, August 16. The insider Levinson Marina sold $235,718. Corr Jonathan also sold $185,001 worth of Ellie Mae, Inc. (NYSE:ELLI) on Thursday, September 7. 98 shares valued at $8,134 were sold by LaVay Matthew on Friday, September 1. On Wednesday, September 6 the insider SCHREINER GATES CATHLEEN sold $101,496.

The stock increased 3.75% or $3.27 during the last trading session, reaching $90.53. About 964,970 shares traded or 175.19% up from the average. Ellie Mae, Inc. (NYSE:ELLI) has risen 37.10% since February 10, 2017 and is uptrending. It has outperformed by 20.40% the S&P500.