Wellington Management Group LLP Increases Position in Equinix, Inc. (NASDAQ:EQIX)

Wellington Management Group LLP increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.4% during the 4th quarter, HoldingsChannel reports. The fund owned 992,401 shares of the financial services provider’s stock after acquiring an additional 13,274 shares during the quarter. Wellington Management Group LLP’s holdings in Equinix were worth $799,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. increased its position in shares of Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 26 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in Equinix during the third quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in Equinix during the fourth quarter valued at approximately $32,000. Operose Advisors LLC acquired a new position in shares of Equinix in the 3rd quarter worth approximately $36,000. Finally, Asset Dedication LLC grew its position in shares of Equinix by 92.6% in the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of several research analyst reports. Barclays raised their price objective on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. HSBC lowered shares of 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. Truist Financial increased their price objective on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Stifel Nicolaus reissued a “buy” rating and issued a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. Finally, Oppenheimer upped their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $872.81.

Equinix Stock Performance

Shares of NASDAQ EQIX traded down $0.34 during midday trading on Friday, reaching $766.26. 275,579 shares of the company traded hands, compared to its average volume of 447,125. The company has a market cap of $72.73 billion, a price-to-earnings ratio of 76.86, a PEG ratio of 2.67 and a beta of 0.68. The stock has a 50-day moving average price of $756.41 and a 200 day moving average price of $803.84. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $4.26 per share. The ex-dividend date is Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.22%. Equinix’s dividend payout ratio (DPR) is 170.91%.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction on 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 in the company, valued at approximately $10,212,779. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Thursday, May 16th. The stock was 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 directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

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.