Crossmark Global Holdings Inc. Grows Position in Equinix, Inc. (NASDAQ:EQIX)

Crossmark Global Holdings Inc. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,925 shares of the financial services provider’s stock after buying an additional 16 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Equinix were worth $9,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Jump Financial LLC increased its position in Equinix by 22.3% in the 3rd quarter. Jump Financial LLC now owns 367 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 67 shares during the period. Quantbot Technologies LP acquired a new position in shares of Equinix in the third quarter valued at approximately $128,000. Merit Financial Group LLC purchased a new stake in shares of Equinix during the third quarter worth approximately $225,000. Avantax Advisory Services Inc. lifted its holdings in shares of Equinix by 155.0% during the third quarter. Avantax Advisory Services Inc. now owns 709 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 431 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its position in Equinix by 18.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 927 shares of the financial services provider’s stock valued at $673,000 after buying an additional 146 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $6.07 on Wednesday, hitting $758.61. The company’s stock had a trading volume of 380,418 shares, compared to its average volume of 613,529. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50 day moving average of $762.83 and a 200-day moving average of $805.71. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The company has a market capitalization of $72.00 billion, a price-to-earnings ratio of 76.70, a price-to-earnings-growth ratio of 2.62 and a beta of 0.68.

Equinix Announces Dividend

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. This represents a $17.04 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s payout ratio is 170.91%.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 2,070 shares of the 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 sale, the insider now owns 12,758 shares of the company’s stock, valued at $10,212,779. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Equinix news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction 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 transaction, the director now owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the sale, 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.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Royal Bank of Canada lowered their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. Stifel Nicolaus reissued a “buy” rating and set a $960.00 target price on shares of Equinix in a research note on Wednesday, March 13th. Barclays lifted their price target on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley cut their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $872.81.

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.