ARS Investment Partners LLC raised its stake in InterXion Holding N.V. (NYSE:INXN) by 72.5% during the second quarter, Holdings Channel reports. The firm owned 255,284 shares of the technology company’s stock after buying an additional 107,266 shares during the period. InterXion Holding N.V. makes up 1.6% of ARS Investment Partners LLC’s portfolio, making the stock its 24th largest position. ARS Investment Partners LLC’s holdings in InterXion Holding N.V. were worth $11,687,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in 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. Rivulet Capital LLC boosted its position in 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 worth $109,493,000 after buying an additional 253,300 shares during the last quarter. Victory Capital Management Inc. boosted 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 worth $67,170,000 after buying an additional 236,130 shares during the last quarter. Resolution Capital Ltd boosted its position in InterXion Holding N.V. by 2.0% in the second quarter. Resolution Capital Ltd now owns 1,422,876 shares of the technology company’s stock worth $65,139,000 after buying an additional 28,000 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new position in InterXion Holding N.V. during the second quarter worth $54,874,000. 90.78% of the stock is owned by hedge funds and other institutional investors.
Shares of InterXion Holding N.V. (INXN) opened at 49.67 on Friday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 71.99 and a beta of 0.63. InterXion Holding N.V. has a 12 month low of $32.21 and a 12 month high of $50.18. The stock has a 50 day moving average of $47.30 and a 200 day moving average of $42.84.
InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share (EPS) 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 net margin of 9.25% and a return on equity of 6.85%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, equities research analysts expect that InterXion Holding N.V. will post $0.74 EPS for the current fiscal year.
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A number of research firms have weighed in on INXN. Oppenheimer Holdings, Inc. lifted their price objective on shares of InterXion Holding N.V. from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price objective (up previously from $49.00) on shares of InterXion Holding N.V. in a report on Thursday, August 3rd. Zacks Investment Research raised shares of InterXion Holding N.V. from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, August 3rd. Barclays PLC lifted their price objective on shares of InterXion Holding N.V. from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Finally, Cowen and Company raised shares of InterXion Holding N.V. from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $45.00 to $54.00 in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.50.
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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