Symphony Financial Ltd. Co. Invests $44.31 Million in Equinix, Inc. $EQIX

Symphony Financial Ltd. Co. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 55,703 shares of the financial services provider’s stock, valued at approximately $44,310,000.

Several other hedge funds also recently added to or reduced their stakes in EQIX. Elliott Investment Management L.P. purchased a new stake in shares of Equinix in the 1st quarter valued at about $122,302,000. Gradient Investments LLC boosted its stake in Equinix by 19.4% during the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after purchasing an additional 4,015 shares during the period. Partners Group Holding AG increased its stake in Equinix by 10.6% in the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after purchasing an additional 4,968 shares during the period. Focus Partners Wealth boosted its stake in shares of Equinix by 19.4% during the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock worth $2,098,000 after buying an additional 418 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Equinix by 13.5% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 485,538 shares of the financial services provider’s stock valued at $386,231,000 after acquiring an additional 57,630 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $785.57 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The business’s fifty day moving average price is $804.03 and its two-hundred day moving average price is $816.88. The stock has a market cap of $77.13 billion, a PE ratio of 71.94, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s payout ratio is 171.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EQIX shares. Cfra Research lowered Equinix from a “moderate buy” rating to a “hold” rating in a report on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. BMO Capital Markets set a $900.00 price target on shares of Equinix and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Equinix currently has a consensus rating of “Buy” and a consensus price target of $960.76.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 100 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the transaction, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

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.