Crossmark Global Holdings Inc. Has $6.51 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Crossmark Global Holdings Inc. decreased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,338 shares of the financial services provider's stock after selling 1,220 shares during the period. Crossmark Global Holdings Inc.'s holdings in Equinix were worth $6,514,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Equinix by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider's stock valued at $10,319,917,000 after purchasing an additional 238,815 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Equinix by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock valued at $1,681,256,000 after purchasing an additional 5,910 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Equinix by 3.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider's stock valued at $1,148,504,000 after purchasing an additional 47,795 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Equinix by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider's stock valued at $1,009,293,000 after buying an additional 19,844 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its position in Equinix by 13.5% in the 1st quarter. Centersquare Investment Management LLC now owns 943,056 shares of the financial services provider's stock valued at $778,332,000 after buying an additional 112,194 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 1,726 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the transaction, the insider now owns 6,505 shares of the company's stock, valued at approximately $5,886,959.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now owns 7,680 shares of the company's stock, valued at $6,328,089.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the transaction, the insider now directly owns 6,505 shares of the company's stock, valued at approximately $5,886,959.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,632 shares of company stock worth $10,633,777. 0.27% of the stock is currently owned by company insiders.

Equinix Price Performance

Shares of NASDAQ:EQIX traded down $7.56 during trading on Monday, reaching $913.50. 289,737 shares of the company traded hands, compared to its average volume of 527,306. The company's 50 day moving average is $877.98 and its two-hundred day moving average is $812.12. The firm has a market capitalization of $88.14 billion, a PE ratio of 83.05, a PEG ratio of 2.31 and a beta of 0.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.87%. Equinix's payout ratio is 153.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EQIX shares. Mizuho lifted their target price on Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. TD Cowen lifted their target price on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Truist Financial lifted their target price on Equinix from $915.00 to $935.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Equinix from $880.00 to $910.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their price target on Equinix from $671.00 to $810.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $944.63.

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.