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

Crossmark Global Holdings Inc. lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 113.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,954 shares of the financial services provider's stock after acquiring an additional 9,534 shares during the period. Crossmark Global Holdings Inc.'s holdings in Equinix were worth $14,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of EQIX. Pinney & Scofield Inc. purchased a new position in shares of Equinix during the 4th quarter worth $28,000. Whipplewood Advisors LLC raised its holdings in Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after buying an additional 23 shares during the period. Pacific Center for Financial Services raised its holdings in Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after buying an additional 15 shares during the period. Park Square Financial Group LLC purchased a new stake in Equinix in the 4th quarter valued at about $49,000. Finally, Cary Street Partners Financial LLC purchased a new stake in Equinix in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on EQIX shares. BNP Paribas upgraded shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Barclays boosted their price objective on shares of Equinix from $834.00 to $837.00 and gave the company an "equal weight" rating in a report on Tuesday, May 27th. Mizuho reduced 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. TD Securities boosted their price objective on shares of Equinix from $978.00 to $1,018.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Citigroup boosted their price objective on shares of Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $960.55.

Insiders Place Their Bets

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer owned 9,615 shares in the company, valued at approximately $8,508,409.65. The trade was a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the sale, the director directly owned 17,569 shares of the company's stock, valued at $15,274,664.29. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,176 shares of company stock valued at $2,808,008. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Down 1.3%

Shares of Equinix stock traded down $9.88 on Monday, reaching $777.12. 700,746 shares of the company were exchanged, compared to its average volume of 558,278. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a market cap of $76.02 billion, a P/E ratio of 80.78, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.65 and a quick ratio of 1.65. The stock's 50 day moving average price is $865.90 and its 200-day moving average price is $874.50.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company posted $8.86 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.41%. Equinix's payout ratio is currently 195.01%.

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.