InterXion Holding NV (NYSE:INXN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of InterXion Holding NV (NYSE:INXN) by 3.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 69,977 shares of the technology company’s stock after selling 2,311 shares during the quarter. Envestnet Asset Management Inc.’s holdings in InterXion were worth $5,700,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of InterXion by 13.6% during the 2nd quarter. BlackRock Inc. now owns 3,068,824 shares of the technology company’s stock worth $233,507,000 after acquiring an additional 366,540 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of InterXion by 103.2% during the 2nd quarter. Cohen & Steers Inc. now owns 2,322,363 shares of the technology company’s stock worth $176,709,000 after acquiring an additional 1,179,223 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of InterXion by 135.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,249,738 shares of the technology company’s stock worth $171,183,000 after acquiring an additional 1,293,785 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in shares of InterXion by 28.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,087,458 shares of the technology company’s stock worth $158,835,000 after acquiring an additional 468,646 shares in the last quarter. Finally, Resolution Capital Ltd boosted its stake in shares of InterXion by 23.8% during the 3rd quarter. Resolution Capital Ltd now owns 1,495,866 shares of the technology company’s stock worth $121,853,000 after acquiring an additional 287,800 shares in the last quarter. 92.79% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on INXN. ValuEngine lowered shares of InterXion from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group set a $82.00 target price on shares of InterXion and gave the stock a “buy” rating in a research note on Thursday, July 11th. Royal Bank of Canada reissued a “buy” rating and set a $84.00 target price on shares of InterXion in a research note on Sunday, August 11th. Guggenheim set a $90.00 price target on shares of InterXion and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research lowered shares of InterXion from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.43.

Shares of InterXion stock opened at $88.67 on Tuesday. The firm has a market capitalization of $6.64 billion, a PE ratio of 134.35, a P/E/G ratio of 11.33 and a beta of 0.92. InterXion Holding NV has a twelve month low of $50.05 and a twelve month high of $88.94. The firm’s 50-day moving average price is $81.47 and its 200 day moving average price is $76.22. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.51.

InterXion (NYSE:INXN) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05). The company had revenue of $158.48 million during the quarter, compared to analysts’ expectations of $157.18 million. InterXion had a net margin of 6.00% and a return on equity of 5.29%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. On average, sell-side analysts predict that InterXion Holding NV will post 0.54 EPS for the current fiscal year.

InterXion Company Profile

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, cloud platforms, Internet service providers, and other customers.

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Institutional Ownership by Quarter for InterXion (NYSE:INXN)

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