Crossmark Global Holdings Inc. Has $3.92 Million Stock Holdings in Equinix, Inc. $EQIX

Crossmark Global Holdings Inc. raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 59.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,122 shares of the financial services provider’s stock after purchasing an additional 1,918 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equinix were worth $3,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC increased its stake in shares of Equinix by 4.2% in the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 12 shares during the last quarter. Paragon Private Wealth Management LLC boosted its position in Equinix by 2.7% during the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 13 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 13 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 14 shares in the last quarter. Finally, Howard Capital Management Inc. increased its position in Equinix by 2.3% in the 3rd quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 15 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EQIX shares. Scotiabank lifted their price target on Equinix from $1,050.00 to $1,120.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Truist Financial set a $1,215.00 price objective on Equinix in a report on Friday, May 1st. Mizuho raised their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Guggenheim boosted their target price on shares of Equinix from $985.00 to $1,235.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 630 shares of Equinix stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $605,549.70. Following the transaction, the insider owned 10,394 shares of the company’s stock, valued at $9,990,608.86. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the sale, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,604 shares of company stock valued at $11,848,264. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,072.08 on Monday. The stock has a market capitalization of $105.73 billion, a P/E ratio of 74.19, a P/E/G ratio of 2.02 and a beta of 1.01. The business has a 50-day moving average of $1,013.11 and a two-hundred day moving average of $877.22. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $9.67 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts predict that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.