US Bancorp DE boosted its stake in shares of InterXion Holding NV (NYSE:INXN) by 52.3% in the third quarter, HoldingsChannel.com reports. The firm owned 7,232 shares of the technology company’s stock after acquiring an additional 2,484 shares during the period. US Bancorp DE’s holdings in InterXion were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Eqis Capital Management Inc. raised its holdings in InterXion by 19.3% in the second quarter. Eqis Capital Management Inc. now owns 36,258 shares of the technology company’s stock valued at $2,263,000 after acquiring an additional 5,856 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in InterXion by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 310,850 shares of the technology company’s stock valued at $19,403,000 after acquiring an additional 4,258 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in InterXion by 2.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 90,830 shares of the technology company’s stock valued at $5,669,000 after acquiring an additional 2,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in InterXion in the second quarter valued at $569,000. Finally, Wells Fargo & Company MN raised its holdings in InterXion by 1.0% in the second quarter. Wells Fargo & Company MN now owns 911,995 shares of the technology company’s stock valued at $56,927,000 after acquiring an additional 8,957 shares in the last quarter. 91.23% of the stock is owned by institutional investors.
Several analysts have weighed in on INXN shares. TheStreet lowered shares of InterXion from a “b-” rating to a “c” rating in a research note on Thursday, August 23rd. Berenberg Bank started coverage on shares of InterXion in a research note on Thursday, September 20th. They set a “buy” rating and a $93.00 target price for the company. Wells Fargo & Co lowered their target price on shares of InterXion from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of InterXion from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Citigroup lowered their target price on shares of InterXion from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. InterXion presently has an average rating of “Buy” and a consensus price target of $73.73.
InterXion (NYSE:INXN) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $142.20 million during the quarter, compared to the consensus estimate of $141.79 million. InterXion had a net margin of 6.27% and a return on equity of 7.29%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. Equities research analysts predict that InterXion Holding NV will post 0.7 EPS for the current year.
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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, Internet service providers, and other customers.
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