Allspring Global Investments Holdings LLC Has $44.31 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Allspring Global Investments Holdings LLC cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,682 shares of the financial services provider’s stock after selling 352 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Equinix worth $44,305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC raised its position in shares of Equinix by 4.6% in the third quarter. AQR Capital Management LLC now owns 24,697 shares of the financial services provider’s stock valued at $17,937,000 after buying an additional 1,095 shares in the last quarter. Truist Financial Corp raised its holdings in Equinix by 44.6% in the 3rd quarter. Truist Financial Corp now owns 18,215 shares of the financial services provider’s stock valued at $13,229,000 after acquiring an additional 5,620 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Equinix by 5,200.0% during the 3rd quarter. Earnest Partners LLC now owns 2,014 shares of the financial services provider’s stock valued at $1,463,000 after acquiring an additional 1,976 shares during the period. Lido Advisors LLC grew its holdings in shares of Equinix by 10.6% during the 3rd quarter. Lido Advisors LLC now owns 720 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 69 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of Equinix by 11.7% in the third quarter. Royal London Asset Management Ltd. now owns 33,524 shares of the financial services provider’s stock worth $24,358,000 after purchasing an additional 3,506 shares during the period. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of analyst reports. TD Cowen reduced their price objective on shares of Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Royal Bank of Canada reduced their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th. Barclays boosted their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Morgan Stanley reduced their target price on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Finally, HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $872.33.

Equinix Stock Down 1.0 %

NASDAQ:EQIX opened at $749.00 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The firm’s 50 day simple moving average is $755.84 and its 200 day simple moving average is $799.46. The company has a market cap of $71.08 billion, a PE ratio of 75.13, a P/E/G ratio of 2.63 and a beta of 0.68.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.28%. Equinix’s dividend payout ratio is 170.91%.

Insider Activity at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company 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.