Crosslink Capital Inc. trimmed its position in InterXion Holding NV (NYSE:INXN) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 489,144 shares of the technology company’s stock after selling 50,740 shares during the quarter. InterXion Holding NV makes up 3.5% of Crosslink Capital Inc.’s portfolio, making the stock its 10th biggest position. Crosslink Capital Inc. owned 0.69% of InterXion Holding NV worth $22,393,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in InterXion Holding NV by 0.4% in the second quarter. Principal Financial Group Inc. now owns 3,617,017 shares of the technology company’s stock worth $165,587,000 after purchasing an additional 13,699 shares during the period. Victory Capital Management Inc. increased its position in InterXion Holding NV by 1.8% in the second quarter. Victory Capital Management Inc. now owns 1,729,187 shares of the technology company’s stock worth $79,162,000 after purchasing an additional 31,260 shares during the period. Franklin Resources Inc. acquired a new stake in InterXion Holding NV in the second quarter worth about $72,151,000. Resolution Capital Ltd increased its position in InterXion Holding NV 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 purchasing an additional 28,000 shares during the period. Finally, Wells Fargo & Company MN increased its position in InterXion Holding NV by 19.2% in the second quarter. Wells Fargo & Company MN now owns 1,398,890 shares of the technology company’s stock worth $64,041,000 after purchasing an additional 225,215 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.
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InterXion Holding NV (NYSE:INXN) traded up 0.50% during trading on Thursday, hitting $52.38. The stock had a trading volume of 46,804 shares. The company has a 50-day moving average of $50.73 and a 200 day moving average of $46.04. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 74.30 and a beta of 0.57. InterXion Holding NV has a 52 week low of $32.21 and a 52 week high of $52.47.
InterXion Holding NV (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 consensus estimate of $0.17 by ($0.01). The company had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.13 million. InterXion Holding NV had a net margin of 8.56% and a return on equity of 7.29%. The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, equities research analysts anticipate that InterXion Holding NV will post $0.73 EPS for the current year.
A number of brokerages recently commented on INXN. BidaskClub upgraded InterXion Holding NV from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price objective on shares of InterXion Holding NV in a research report on Thursday, September 14th. Zacks Investment Research upgraded InterXion Holding NV from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, October 4th. Oppenheimer Holdings, Inc. lifted their price objective on InterXion Holding NV from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC lifted their price objective on InterXion Holding NV from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $52.75.
InterXion Holding NV 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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