Resolution Capital Ltd increased its stake in shares of InterXion Holding NV (NYSE:INXN) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495,866 shares of the technology company’s stock after purchasing an additional 287,800 shares during the quarter. InterXion accounts for 3.5% of Resolution Capital Ltd’s holdings, making the stock its 14th largest holding. Resolution Capital Ltd owned about 1.96% of InterXion worth $121,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc grew its stake in InterXion by 13.8% during the 2nd quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock worth $93,000 after purchasing an additional 149 shares in the last quarter. Aperio Group LLC grew its stake in InterXion by 1.6% during the 2nd quarter. Aperio Group LLC now owns 13,129 shares of the technology company’s stock worth $999,000 after purchasing an additional 210 shares in the last quarter. Flinton Capital Management LLC grew its stake in InterXion by 215.4% during the 2nd quarter. Flinton Capital Management LLC now owns 656 shares of the technology company’s stock worth $50,000 after purchasing an additional 448 shares in the last quarter. LPL Financial LLC grew its stake in InterXion by 4.9% during the 2nd quarter. LPL Financial LLC now owns 11,531 shares of the technology company’s stock worth $877,000 after purchasing an additional 537 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in InterXion by 215.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 902 shares of the technology company’s stock worth $69,000 after purchasing an additional 616 shares in the last quarter. 92.53% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:INXN traded up $1.58 on Tuesday, hitting $85.44. 28,785 shares of the company’s stock were exchanged, compared to its average volume of 607,578. The firm’s 50-day moving average is $79.89 and its 200 day moving average is $74.90. The company has a market capitalization of $6.43 billion, a PE ratio of 129.47, a P/E/G ratio of 10.77 and a beta of 0.92. InterXion Holding NV has a 1-year low of $50.05 and a 1-year high of $85.45. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.68 and a current ratio of 0.68.
InterXion (NYSE:INXN) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The business had revenue of $158.48 million for the quarter, compared to analyst estimates of $157.18 million. InterXion had a return on equity of 5.29% and a net margin of 6.00%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. On average, analysts anticipate that InterXion Holding NV will post 0.55 EPS for the current fiscal year.
INXN has been the subject of several analyst reports. Guggenheim set a $90.00 target price on InterXion and gave the stock a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of InterXion in a research report on Sunday, August 11th. Wells Fargo & Co cut InterXion from an “outperform” rating to a “market perform” rating and set a $85.00 price objective for the company. in a research report on Monday, September 9th. They noted that the move was a valuation call. ValuEngine cut InterXion from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut InterXion from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. InterXion has a consensus rating of “Hold” and a consensus target price of $82.67.
InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, cloud platforms, Internet service providers, and other customers.
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