Navellier & Associates Inc raised its stake in InterXion Holding NV (NYSE:INXN) by 30.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,285 shares of the technology company’s stock after purchasing an additional 2,857 shares during the quarter. Navellier & Associates Inc’s holdings in InterXion were worth $767,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of INXN. Harvest Fund Management Co. Ltd bought a new position in shares of InterXion during the 1st quarter worth approximately $149,000. Financial Gravity Wealth Inc. bought a new position in shares of InterXion during the 1st quarter worth approximately $173,000. Summit Trail Advisors LLC boosted its stake in shares of InterXion by 5,599.8% during the 1st quarter. Summit Trail Advisors LLC now owns 179,373 shares of the technology company’s stock worth $179,000 after acquiring an additional 176,226 shares during the period. LPL Financial LLC bought a new position in shares of InterXion during the 4th quarter worth approximately $216,000. Finally, Kovack Advisors Inc. bought a new position in shares of InterXion during the 2nd quarter worth approximately $253,000. Institutional investors own 86.23% of the company’s stock.
Several research analysts have recently commented on INXN shares. Citigroup lifted their target price on InterXion from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. Barclays reiterated a “buy” rating and set a $73.00 target price on shares of InterXion in a research note on Friday, May 4th. Stifel Nicolaus set a $74.00 target price on InterXion and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded InterXion from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Royal Bank of Canada lifted their target price on InterXion to $75.00 and gave the stock an “outperform” rating in a research note on Monday, May 14th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.80.
NYSE:INXN opened at $63.73 on Friday. The company has a market cap of $4.59 billion, a P/E ratio of 92.36, a PEG ratio of 6.14 and a beta of 0.69. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.76. InterXion Holding NV has a 1-year low of $46.90 and a 1-year high of $67.19.
InterXion (NYSE:INXN) last released its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.09). The firm had revenue of $138.80 million for the quarter, compared to analyst estimates of $138.27 million. InterXion had a return on equity of 7.27% and a net margin of 6.32%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. equities research analysts forecast that InterXion Holding NV will post 0.74 earnings per share for the current year.
InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers.
Recommended Story: Should you buy a closed-end mutual fund?
Receive News & Ratings for InterXion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterXion and related companies with MarketBeat.com's FREE daily email newsletter.