Fred Alger Management Inc. reduced its holdings in InterXion Holding NV (NYSE:INXN) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,243 shares of the technology company’s stock after selling 8,737 shares during the quarter. Fred Alger Management Inc.’s holdings in InterXion were worth $7,439,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of INXN. Massey Quick Simon & CO. LLC acquired a new stake in shares of InterXion in the 3rd quarter valued at approximately $133,000. Financial Gravity Companies Inc. acquired a new stake in shares of InterXion in the 4th quarter valued at approximately $140,000. Advisor Group Inc. lifted its holdings in shares of InterXion by 38.7% in the 3rd quarter. Advisor Group Inc. now owns 3,840 shares of the technology company’s stock valued at $196,000 after buying an additional 1,071 shares during the period. AXA acquired a new position in InterXion during the fourth quarter worth $241,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in InterXion during the third quarter worth $247,000. 91.52% of the stock is owned by institutional investors and hedge funds.
InterXion Holding NV (NYSE:INXN) opened at $61.00 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.72 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $4,350.95, a price-to-earnings ratio of 87.14, a price-to-earnings-growth ratio of 5.66 and a beta of 0.74. InterXion Holding NV has a 1 year low of $38.05 and a 1 year high of $64.00.
INXN has been the subject of several research reports. Citigroup reaffirmed an “outperform” rating and set a $68.00 price objective (up from $62.00) on shares of InterXion in a report on Tuesday, January 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $72.00 price objective (up from $65.00) on shares of InterXion in a report on Thursday. Royal Bank of Canada reaffirmed a “buy” rating on shares of InterXion in a report on Friday. Zacks Investment Research cut InterXion from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $68.00 price objective on shares of InterXion in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.27.
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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