Principal Financial Group Inc. grew its stake in InterXion Holding NV (NYSE:INXN) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,480,992 shares of the technology company’s stock after acquiring an additional 351,460 shares during the quarter. Principal Financial Group Inc.’s holdings in InterXion were worth $188,531,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in InterXion during the 4th quarter valued at about $32,000. Resources Investment Advisors Inc. purchased a new stake in InterXion during the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC grew its stake in InterXion by 723.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the technology company’s stock valued at $101,000 after purchasing an additional 1,323 shares during the last quarter. Virtus Alternative Investment Advisers Inc. purchased a new stake in InterXion during the 3rd quarter valued at about $133,000. Finally, Quantamental Technologies LLC purchased a new stake in InterXion during the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 92.65% of the company’s stock.
Several analysts have weighed in on INXN shares. Credit Suisse Group dropped their price target on InterXion from $70.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Zacks Investment Research downgraded InterXion from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Finally, ValuEngine cut InterXion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $76.14.
InterXion (NYSE:INXN) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). The company had revenue of $146.90 million during the quarter, compared to analyst estimates of $147.94 million. InterXion had a net margin of 5.55% and a return on equity of 6.47%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. As a group, equities research analysts expect that InterXion Holding NV will post 0.68 earnings per share for the current fiscal 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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