InterXion Holding N.V. (INXN) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC cut its stake in shares of InterXion Holding N.V. (NYSE:INXN) by 37.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,925 shares of the technology company’s stock after selling 6,032 shares during the period. Pier 88 Investment Partners LLC’s holdings in InterXion Holding N.V. were worth $454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INXN. State Street Corp boosted its position in InterXion Holding N.V. by 10.6% in the fourth quarter. State Street Corp now owns 376,926 shares of the technology company’s stock worth $13,219,000 after buying an additional 36,188 shares during the last quarter. Nationwide Fund Advisors raised its stake in InterXion Holding N.V. by 9,563.1% in the first quarter. Nationwide Fund Advisors now owns 50,248 shares of the technology company’s stock worth $1,988,000 after buying an additional 49,728 shares during the last quarter. Bank of Montreal Can raised its stake in InterXion Holding N.V. by 7.5% in the first quarter. Bank of Montreal Can now owns 5,064 shares of the technology company’s stock worth $200,000 after buying an additional 354 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in InterXion Holding N.V. during the first quarter worth approximately $947,000. Finally, Envestnet Asset Management Inc. raised its stake in InterXion Holding N.V. by 0.9% in the first quarter. Envestnet Asset Management Inc. now owns 68,508 shares of the technology company’s stock worth $2,711,000 after buying an additional 601 shares during the last quarter. 88.14% of the stock is owned by institutional investors.

Shares of InterXion Holding N.V. (INXN) traded up 0.28% during mid-day trading on Monday, reaching $45.92. The company’s stock had a trading volume of 205,767 shares. The firm’s 50-day moving average price is $44.78 and its 200 day moving average price is $40.13. The firm has a market cap of $3.31 billion, a P/E ratio of 70.76 and a beta of 0.63. InterXion Holding N.V. has a 12-month low of $32.21 and a 12-month high of $46.67.

InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. InterXion Holding N.V. had a return on equity of 6.80% and a net margin of 9.33%. The firm had revenue of $113.90 million during the quarter, compared to analyst estimates of $112.86 million. During the same quarter in the previous year, the business earned $0.14 EPS. InterXion Holding N.V.’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect that InterXion Holding N.V. will post $0.75 EPS for the current year.

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Several brokerages have recently issued reports on INXN. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of InterXion Holding N.V. in a research report on Friday, April 21st. Stifel Nicolaus reiterated a “buy” rating on shares of InterXion Holding N.V. in a research report on Tuesday, April 25th. ValuEngine upgraded InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded InterXion Holding N.V. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Wednesday, May 31st. Finally, Citigroup Inc. lifted their price target on InterXion Holding N.V. from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.63.

InterXion Holding N.V. Company Profile

InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.

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Institutional Ownership by Quarter for InterXion Holding N.V. (NYSE:INXN)

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