Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,420 shares of the financial services provider’s stock after buying an additional 1,082 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equinix were worth $7,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Profund Advisors LLC grew its holdings in Equinix by 3.8% in the second quarter. Profund Advisors LLC now owns 1,513 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 55 shares during the period. ProShare Advisors LLC grew its stake in shares of Equinix by 22.2% during the 2nd quarter. ProShare Advisors LLC now owns 19,143 shares of the financial services provider’s stock valued at $14,484,000 after buying an additional 3,478 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Equinix by 17.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 13,149 shares of the financial services provider’s stock worth $9,949,000 after buying an additional 1,990 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Equinix in the 2nd quarter worth $1,149,000. Finally, Evergreen Capital Management LLC boosted its holdings in Equinix by 17.0% in the second quarter. Evergreen Capital Management LLC now owns 419 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EQIX. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and upped their price target for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. Wells Fargo & Company raised their price target on shares of Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank raised their target price on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their price target on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $976.81.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 863 shares of Equinix stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total transaction of $789,645.00. Following the completion of the transaction, the insider now directly owns 8,231 shares of the company’s stock, valued at approximately $7,531,365. This represents a 9.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,412 shares of company stock worth $18,826,100 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Up 2.0 %

NASDAQ EQIX opened at $934.00 on Wednesday. The company has a market capitalization of $90.12 billion, a price-to-earnings ratio of 84.22, a price-to-earnings-growth ratio of 2.18 and a beta of 0.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company’s fifty day moving average price is $941.69 and its two-hundred day moving average price is $878.78.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were paid a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.82%. Equinix’s dividend payout ratio (DPR) is 153.65%.

Equinix Company 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.