InterXion Holding NV (INXN) Stake Boosted by JPMorgan Chase & Co.
JPMorgan Chase & Co. increased its stake in InterXion Holding NV (NYSE:INXN) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,971 shares of the company’s stock after buying an additional 19,150 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of InterXion Holding NV worth $8,186,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in INXN. Aperio Group LLC acquired a new stake in shares of InterXion Holding NV during the first quarter valued at $299,000. BlackRock Inc. bought a new position in shares of InterXion Holding NV during the first quarter worth about $2,639,000. BlackRock Group LTD boosted its position in shares of InterXion Holding NV by 19.6% in the first quarter. BlackRock Group LTD now owns 150,540 shares of the company’s stock worth $5,206,000 after buying an additional 24,666 shares during the last quarter. Nicholas Investment Partners LP bought a new position in shares of InterXion Holding NV during the first quarter worth about $689,000. Finally, Loomis Sayles & Co. L P boosted its position in shares of InterXion Holding NV by 7.1% in the first quarter. Loomis Sayles & Co. L P now owns 706,682 shares of the company’s stock worth $24,437,000 after buying an additional 47,018 shares during the last quarter. Institutional investors own 85.28% of the company’s stock.
Shares of InterXion Holding NV (NYSE:INXN) traded up 0.94% during mid-day trading on Friday, reaching $37.42. 1,283,239 shares of the company’s stock were exchanged. InterXion Holding NV has a one year low of $26.75 and a one year high of $38.72. The stock has a market cap of $2.64 billion, a PE ratio of 56.53 and a beta of 1.09. The company has a 50 day moving average price of $37.01 and a 200-day moving average price of $36.27.
InterXion Holding NV (NYSE:INXN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $104.03 million for the quarter, compared to analysts’ expectations of $104.18 million. InterXion Holding NV had a net margin of 10.35% and a return on equity of 7.79%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. On average, analysts predict that InterXion Holding NV will post $0.62 EPS for the current year.
A number of brokerages have commented on INXN. Zacks Investment Research upgraded InterXion Holding NV from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday. SunTrust Banks Inc. assumed coverage on InterXion Holding NV in a research note on Thursday, July 21st. They set a “buy” rating and a $45.00 price objective on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of InterXion Holding NV in a research note on Wednesday, September 28th. Finally, Jefferies Group downgraded InterXion Holding NV from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. InterXion Holding NV presently has an average rating of “Buy” and an average price target of $37.09.
About InterXion Holding NV
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.
Want to see what other hedge funds are holding INXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterXion Holding NV (NYSE:INXN).
Receive News & Ratings for InterXion Holding NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterXion Holding NV and related companies with MarketBeat.com's FREE daily email newsletter.