Jennison Associates LLC Sells 318,619 Shares of InterXion Holding NV (NYSE:INXN)

Share on StockTwits

Jennison Associates LLC trimmed its holdings in InterXion Holding NV (NYSE:INXN) by 23.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,041,926 shares of the technology company’s stock after selling 318,619 shares during the period. Jennison Associates LLC owned about 1.36% of InterXion worth $79,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Trust Co. lifted its stake in shares of InterXion by 37.7% in the second quarter. Cambridge Trust Co. now owns 9,451 shares of the technology company’s stock valued at $719,000 after buying an additional 2,588 shares in the last quarter. Tortoise Index Solutions LLC bought a new position in shares of InterXion in the first quarter valued at $33,000. Dupont Capital Management Corp lifted its stake in shares of InterXion by 350.0% in the second quarter. Dupont Capital Management Corp now owns 60,947 shares of the technology company’s stock valued at $4,637,000 after buying an additional 47,403 shares in the last quarter. NEXT Financial Group Inc lifted its stake in shares of InterXion by 13.8% in the second quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock valued at $93,000 after buying an additional 149 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its stake in shares of InterXion by 4.4% in the first quarter. Wasatch Advisors Inc. now owns 1,618,812 shares of the technology company’s stock valued at $108,023,000 after buying an additional 68,197 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on INXN shares. ValuEngine raised shares of InterXion from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 3rd. Citigroup raised their price objective on shares of InterXion from $76.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Credit Suisse Group set a $82.00 price objective on shares of InterXion and gave the company a “buy” rating in a research note on Thursday, July 11th. 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. Finally, Oppenheimer lowered shares of InterXion from an “outperform” rating to a “market perform” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.33.

Shares of INXN stock traded down $2.13 on Friday, hitting $78.44. The stock had a trading volume of 190,449 shares, compared to its average volume of 500,945. The business has a 50 day moving average of $76.77 and a 200 day moving average of $70.96. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 118.85, a price-to-earnings-growth ratio of 10.02 and a beta of 0.93. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.68 and a quick ratio of 0.68. InterXion Holding NV has a 12-month low of $50.05 and a 12-month high of $80.84.

InterXion (NYSE:INXN) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The firm 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 business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, research analysts expect that InterXion Holding NV will post 0.57 earnings per share 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.

Featured Article: What is the Difference Between Common Shares and Convertible Shares?

Want to see what other hedge funds are holding INXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterXion Holding NV (NYSE:INXN).

Institutional Ownership by Quarter for InterXion (NYSE:INXN)

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.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report