Crossmark Global Holdings Inc. lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 13.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,578 shares of the financial services provider’s stock after purchasing an additional 924 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Equinix were worth $3,435,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EQIX. Zions Bancorporation grew its stake in shares of Equinix by 2,550.0% during the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of Equinix during the 4th quarter worth $121,000. Amica Retiree Medical Trust acquired a new position in shares of Equinix during the 3rd quarter worth $188,000. Commerce Bank acquired a new position in shares of Equinix during the 3rd quarter worth $203,000. Finally, Ithaka Group LLC acquired a new position in shares of Equinix during the 3rd quarter worth $223,000. 94.29% of the stock is currently owned by institutional investors and hedge funds.

In other Equinix news, CFO Keith D. Taylor sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $476.81, for a total transaction of $953,620.00. Following the sale, the chief financial officer now directly owns 27,996 shares of the company’s stock, valued at approximately $13,348,772.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total transaction of $95,874.00. Following the sale, the insider now directly owns 1,125 shares in the company, valued at $539,291.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,713 shares of company stock worth $11,057,354. 0.58% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 price target on the stock in a research note on Thursday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $515.00 price target (up from $510.00) on shares of Equinix in a research note on Thursday, November 2nd. BidaskClub cut shares of Equinix from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Cowen reaffirmed a “buy” rating and set a $482.00 price target on shares of Equinix in a research note on Friday, November 10th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $550.00 price target on shares of Equinix in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $504.29.

Shares of Equinix, Inc. (NASDAQ:EQIX) opened at $425.81 on Friday. The company has a market cap of $32,074.25, a PE ratio of 23.06, a P/E/G ratio of 1.42 and a beta of 0.42. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51.

ILLEGAL ACTIVITY NOTICE: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2018/02/10/equinix-inc-eqix-stake-boosted-by-crossmark-global-holdings-inc.html.

About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.