Arrowstreet Capital Limited Partnership purchased a new position in shares of InterXion Holding NV (NYSE:INXN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the technology company’s stock, valued at approximately $589,000.
A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its stake in InterXion by 5.7% during the fourth quarter. BlackRock Inc. now owns 1,627,626 shares of the technology company’s stock worth $95,916,000 after purchasing an additional 87,795 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of InterXion by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 44,340 shares of the technology company’s stock worth $2,612,000 after buying an additional 1,163 shares during the period. Chartwell Investment Partners LLC increased its holdings in shares of InterXion by 3.5% in the fourth quarter. Chartwell Investment Partners LLC now owns 105,237 shares of the technology company’s stock worth $6,202,000 after buying an additional 3,520 shares during the period. Keybank National Association OH purchased a new position in shares of InterXion in the fourth quarter worth about $257,000. Finally, Sei Investments Co. increased its holdings in shares of InterXion by 12.7% in the fourth quarter. Sei Investments Co. now owns 83,110 shares of the technology company’s stock worth $4,898,000 after buying an additional 9,358 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.
INXN has been the topic of several analyst reports. Zacks Investment Research upgraded InterXion from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, January 3rd. Citigroup reiterated an “outperform” rating and issued a $68.00 price objective (up previously from $62.00) on shares of InterXion in a report on Tuesday, January 9th. Barclays reiterated a “buy” rating and issued a $72.00 price objective on shares of InterXion in a report on Friday, January 19th. Wells Fargo & Co reiterated an “outperform” rating and issued a $68.00 price objective (up previously from $65.00) on shares of InterXion in a report on Thursday, March 8th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $68.00 price objective on shares of InterXion in a report on Thursday, December 7th. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $65.45.
InterXion (NYSE:INXN) last announced its quarterly earnings results on Wednesday, March 7th. The technology company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. InterXion had a return on equity of 7.45% and a net margin of 8.46%. The company had revenue of $129.90 million for the quarter, compared to the consensus estimate of $127.51 million. During the same quarter in the previous year, the business earned $0.14 EPS. InterXion’s revenue was up 17.6% compared to the same quarter last year. equities analysts forecast that InterXion Holding NV will post 0.86 earnings per share for the current year.
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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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