California Public Employees Retirement System lowered its stake in InterXion Holding N.V. (NYSE:INXN) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,600 shares of the technology company’s stock after selling 2,000 shares during the period. California Public Employees Retirement System owned 0.10% of InterXion Holding N.V. worth $2,753,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its position in 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 during the period. Resolution Capital Ltd increased its position in 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 during the period. Wells Fargo & Company MN increased its position in 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 during the period. Forward Management LLC bought a new position in shares of InterXion Holding N.V. during the first quarter worth approximately $3,482,000. Finally, Principal Financial Group Inc. increased 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 worth $142,307,000 after buying an additional 82,576 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.
InterXion Holding N.V. (NYSE INXN) traded up 0.73% during mid-day trading on Friday, hitting $49.67. The stock had a trading volume of 407,204 shares. InterXion Holding N.V. has a 12-month low of $32.21 and a 12-month high of $50.18. The company has a 50-day moving average of $47.30 and a 200-day moving average of $42.84. The firm has a market cap of $3.42 billion, a PE ratio of 71.99 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last posted its 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 business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.13 million. InterXion Holding N.V. had a net margin of 9.25% and a return on equity of 6.85%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. Analysts expect that InterXion Holding N.V. will post $0.74 earnings per share for the current year.
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A number of brokerages recently commented on INXN. Cowen and Company upgraded InterXion Holding N.V. from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $45.00 to $54.00 in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $50.00 price objective (up from $48.00) on shares of InterXion Holding N.V. in a research note on Tuesday, May 23rd. Barclays PLC lifted their price objective on InterXion Holding N.V. from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Stifel Nicolaus reissued a “buy” rating and set a $49.00 target price on shares of InterXion Holding N.V. in a research note on Friday, July 21st. Finally, Citigroup Inc. boosted their target price on InterXion Holding N.V. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. InterXion Holding N.V. presently has a consensus 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.
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