Pier 88 Investment Partners LLC Cuts Stake in InterXion Holding N.V. (INXN)

Pier 88 Investment Partners LLC reduced its stake in shares of InterXion Holding N.V. (NYSE:INXN) by 37.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of InterXion Holding N.V. by 2.3% in the first quarter. Principal Financial Group Inc. now owns 3,603,318 shares of the technology company’s stock valued at $142,307,000 after buying an additional 82,576 shares in the last quarter. Rivulet Capital LLC boosted its position in shares of InterXion Holding N.V. by 10.1% in the first quarter. Rivulet Capital LLC now owns 2,767,780 shares of the technology company’s stock valued at $109,493,000 after buying an additional 253,300 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of InterXion Holding N.V. by 16.2% in the first quarter. Victory Capital Management Inc. now owns 1,697,927 shares of the technology company’s stock valued at $67,170,000 after buying an additional 236,130 shares in the last quarter. Resolution Capital Ltd boosted its position in shares of InterXion Holding N.V. by 18.4% in the first quarter. Resolution Capital Ltd now owns 1,394,876 shares of the technology company’s stock valued at $55,181,000 after buying an additional 216,565 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of InterXion Holding N.V. by 8.8% in the first quarter. Wells Fargo & Company MN now owns 1,173,675 shares of the technology company’s stock valued at $46,430,000 after buying an additional 94,605 shares in the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.

Shares of InterXion Holding N.V. (INXN) opened at 48.39 on Friday. The firm has a market capitalization of $3.34 billion, a PE ratio of 69.83 and a beta of 0.63. The company has a 50-day moving average of $46.83 and a 200-day moving average of $42.45. InterXion Holding N.V. has a 52 week low of $32.21 and a 52 week high of $49.83.

InterXion Holding N.V. (NYSE:INXN) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $117.13 million. InterXion Holding N.V. had a return on equity of 6.85% and a net margin of 9.25%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. On average, equities analysts forecast that InterXion Holding N.V. will post $0.74 earnings per share for the current fiscal year.

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INXN has been the topic of several recent research reports. Zacks Investment Research cut shares of InterXion Holding N.V. from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Stifel Nicolaus reissued a “buy” rating on shares of InterXion Holding N.V. in a research note on Tuesday, April 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of InterXion Holding N.V. in a research note on Friday, April 21st. ValuEngine raised shares of InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. upped their price target on shares of 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.50.

About InterXion Holding N.V.

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.

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

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