Allspring Global Investments Holdings LLC Has $45.06 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Allspring Global Investments Holdings LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,726 shares of the financial services provider’s stock after buying an additional 1,167 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Equinix were worth $45,064,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EQIX. Great Lakes Retirement Inc. grew its position in shares of Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock worth $920,000 after buying an additional 12 shares during the period. Leavell Investment Management Inc. acquired a new stake in Equinix during the 4th quarter worth $207,000. Quent Capital LLC raised its position in shares of Equinix by 15.0% during the 4th quarter. Quent Capital LLC now owns 276 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 36 shares during the last quarter. Weatherly Asset Management L. P. lifted its stake in shares of Equinix by 0.9% in the 4th quarter. Weatherly Asset Management L. P. now owns 5,030 shares of the financial services provider’s stock valued at $4,743,000 after purchasing an additional 43 shares during the period. Finally, First Fiduciary Investment Counsel Inc. boosted its position in shares of Equinix by 8.9% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 6,804 shares of the financial services provider’s stock worth $6,415,000 after purchasing an additional 555 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Price Performance

NASDAQ EQIX opened at $933.60 on Friday. The firm’s 50 day moving average is $935.90 and its 200-day moving average is $894.96. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $90.08 billion, a PE ratio of 84.18, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Equities research analysts anticipate that Equinix, Inc. will post 31.09 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.01%. Equinix’s dividend payout ratio is 153.65%.

Insider Buying and Selling at Equinix

In related news, CFO Keith D. Taylor sold 3,184 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $909.82, for a total value of $2,896,866.88. Following the completion of the transaction, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. This trade represents a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 222 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total transaction of $213,608.40. Following the sale, the insider now directly owns 1,015 shares in the company, valued at $976,633. This trade represents a 17.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,801 shares of company stock worth $15,530,564 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus increased their target price on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Evercore ISI upped their target price on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lowered their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $994.82.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.