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

Allspring Global Investments Holdings LLC raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. GHP Investment Advisors Inc. increased its holdings in Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the last quarter. Thompson Investment Management Inc. bought a new stake in Equinix in the fourth quarter worth $47,000. Finally, Friedenthal Financial acquired a new position in Equinix during the fourth quarter worth $58,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EQIX. Barclays upped their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday. BMO Capital Markets reduced 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 note on Thursday. Royal Bank of Canada raised their target price on shares of Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their price target on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $994.82.

Equinix Price Performance

NASDAQ:EQIX opened at $933.60 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50-day moving average of $935.90 and a 200-day moving average of $894.96. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a market capitalization of $90.08 billion, a price-to-earnings ratio of 84.18, a PEG ratio of 2.23 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. As a group, 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. Shareholders of record on Wednesday, February 26th will be given a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.01%. This is a boost from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. Equinix’s dividend payout ratio is 153.65%.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 222 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total value of $213,608.40. Following the sale, the insider now owns 1,015 shares in the company, valued at $976,633. The trade was a 17.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock worth $15,530,564 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

About Equinix

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.