ARS Investment Partners LLC raised its stake in InterXion Holding NV (NYSE:INXN) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,173 shares of the technology company’s stock after buying an additional 3,695 shares during the quarter. InterXion comprises approximately 2.7% of ARS Investment Partners LLC’s investment portfolio, making the stock its 14th biggest holding. ARS Investment Partners LLC owned 0.37% of InterXion worth $17,644,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its position in shares of InterXion by 0.3% in the third quarter. Commonwealth Bank of Australia now owns 281,952 shares of the technology company’s stock worth $19,121,000 after purchasing an additional 885 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of InterXion by 20.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,987 shares of the technology company’s stock worth $373,000 after purchasing an additional 1,007 shares in the last quarter. Legal & General Group Plc lifted its position in shares of InterXion by 0.7% in the second quarter. Legal & General Group Plc now owns 190,120 shares of the technology company’s stock worth $11,867,000 after purchasing an additional 1,249 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of InterXion by 723.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the technology company’s stock worth $101,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of InterXion by 26.1% in the second quarter. Fiera Capital Corp now owns 6,584 shares of the technology company’s stock worth $411,000 after purchasing an additional 1,364 shares in the last quarter. 91.23% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:INXN opened at $62.18 on Friday. InterXion Holding NV has a one year low of $54.35 and a one year high of $68.95. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 90.12, a P/E/G ratio of 6.17 and a beta of 0.86. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.89 and a current ratio of 1.89.
InterXion (NYSE:INXN) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. InterXion had a net margin of 6.27% and a return on equity of 7.29%. The business had revenue of $142.20 million for the quarter, compared to the consensus estimate of $141.79 million. During the same period in the prior year, the company posted $0.15 earnings per share. InterXion’s revenue was up 14.1% compared to the same quarter last year. On average, analysts predict that InterXion Holding NV will post 0.7 earnings per share for the current fiscal year.
INXN has been the topic of a number of research reports. Wells Fargo & Co cut their price objective on shares of InterXion from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Berenberg Bank initiated coverage on shares of InterXion in a research report on Thursday, September 20th. They issued a “buy” rating and a $93.00 price objective on the stock. TheStreet lowered shares of InterXion from a “b-” rating to a “c” rating in a research report on Thursday, August 23rd. Citigroup cut their price objective on shares of InterXion from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Finally, Zacks Investment Research raised shares of InterXion from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. InterXion has a consensus rating of “Buy” and a consensus target price of $73.73.
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.
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