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.
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.
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