Kornitzer Capital Management Inc. KS Sells 72,140 Shares of InterXion Holding NV (NYSE:INXN)

Kornitzer Capital Management Inc. KS decreased its position in shares of InterXion Holding NV (NYSE:INXN) by 29.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,920 shares of the technology company’s stock after selling 72,140 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.23% of InterXion worth $14,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in InterXion by 135.3% during the second 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. Cohen & Steers Inc. raised its stake in InterXion by 103.2% during the second 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. Wasatch Advisors Inc. raised its stake in InterXion by 28.9% during the second 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. Nuveen Asset Management LLC raised its stake in InterXion by 133.4% during the second quarter. Nuveen Asset Management LLC now owns 664,834 shares of the technology company’s stock worth $50,587,000 after acquiring an additional 379,971 shares in the last quarter. Finally, BlackRock Inc. raised its stake in InterXion by 13.6% during the second 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. 92.81% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on INXN shares. Zacks Investment Research downgraded InterXion from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Wells Fargo & Co downgraded InterXion from an “outperform” rating to a “market perform” rating and set a $85.00 price objective for the company. in a research note on Monday, September 9th. They noted that the move was a valuation call. SunTrust Banks upped their price objective on InterXion from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. They noted that the move was a valuation call. Guggenheim set a $90.00 price objective on InterXion and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $84.00 price objective on shares of InterXion in a research note on Sunday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. InterXion currently has an average rating of “Buy” and an average price target of $84.43.

Shares of InterXion stock traded down $0.69 on Friday, hitting $80.84. The stock had a trading volume of 1,156,990 shares, compared to its average volume of 1,880,164. The stock has a 50 day moving average of $83.32 and a 200 day moving average of $77.16. InterXion Holding NV has a twelve month low of $50.05 and a twelve month high of $102.66. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $6.52 billion, a P/E ratio of 122.48, a PEG ratio of 12.26 and a beta of 0.93.

InterXion (NYSE:INXN) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $158.48 million during the quarter, compared to the consensus estimate of $157.18 million. InterXion had a return on equity of 5.29% and a net margin of 6.00%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. Equities analysts expect that InterXion Holding NV will post 0.56 earnings per share for the current year.

About InterXion

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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