Allspring Global Investments Holdings LLC Sells 6,341 Shares of Equinix, Inc. $EQIX

Allspring Global Investments Holdings LLC lowered its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 41.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,003 shares of the financial services provider's stock after selling 6,341 shares during the period. Allspring Global Investments Holdings LLC's holdings in Equinix were worth $7,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in Equinix by 121.4% in the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock worth $25,000 after purchasing an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Equinix during the first quarter worth approximately $30,000. Atticus Wealth Management LLC purchased a new position in shares of Equinix during the second quarter worth approximately $29,000. Saudi Central Bank purchased a new position in shares of Equinix during the first quarter worth approximately $31,000. Finally, Quarry LP purchased a new position in shares of Equinix during the first quarter worth approximately $31,000. Institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EQIX shares. Bank of America reduced their target price on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Guggenheim initiated coverage on shares of Equinix in a report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective on the stock. Mizuho cut their price objective on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a report on Tuesday, July 1st. Stifel Nicolaus cut their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, UBS Group cut their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Equinix currently has a consensus rating of "Buy" and an average target price of $960.14.

Equinix Price Performance

NASDAQ EQIX opened at $813.93 on Monday. The firm's fifty day simple moving average is $786.53 and its two-hundred day simple moving average is $812.61. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The firm has a market capitalization of $79.65 billion, a P/E ratio of 79.72, a P/E/G ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company earned $9.22 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. Equinix's payout ratio is 183.74%.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix 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.

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