Zacks Investment Research cut shares of InterXion Holding N.V. (NYSE:INXN) from a buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “

INXN has been the subject of a number of other reports. Barclays PLC restated a buy rating and issued a $45.00 price objective on shares of InterXion Holding N.V. in a research report on Thursday, March 2nd. Stifel Nicolaus restated a buy rating on shares of InterXion Holding N.V. in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. restated an outperform rating and issued a $44.00 price objective (up from $40.00) on shares of InterXion Holding N.V. in a research report on Friday, March 3rd. Royal Bank Of Canada restated a buy rating and issued a $45.00 price objective on shares of InterXion Holding N.V. in a research report on Friday, April 21st. Finally, Guggenheim upgraded shares of InterXion Holding N.V. from a neutral rating to a buy rating and raised their price objective for the company from $38.00 to $43.00 in a research report on Wednesday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. InterXion Holding N.V. currently has an average rating of Buy and an average price target of $46.63.

InterXion Holding N.V. (NYSE:INXN) opened at 44.19 on Wednesday. InterXion Holding N.V. has a 12 month low of $32.21 and a 12 month high of $45.92. The stock has a 50 day moving average of $44.21 and a 200-day moving average of $39.51. The company has a market cap of $3.19 billion, a P/E ratio of 69.59 and a beta of 0.67.

InterXion Holding N.V. (NYSE:INXN) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. InterXion Holding N.V. had a net margin of 9.33% and a return on equity of 6.80%. The company had revenue of $113.90 million during the quarter, compared to analyst estimates of $112.86 million. During the same period last year, the business earned $0.14 earnings per share. InterXion Holding N.V.’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that InterXion Holding N.V. will post $0.74 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Fred Alger Management Inc. bought a new stake in shares of InterXion Holding N.V. during the fourth quarter worth $8,810,000. State Street Corp increased its stake in shares of InterXion Holding N.V. by 10.6% in the fourth quarter. State Street Corp now owns 376,926 shares of the technology company’s stock worth $13,219,000 after buying an additional 36,188 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of InterXion Holding N.V. by 12.6% in the fourth quarter. Janus Capital Management LLC now owns 1,127,388 shares of the technology company’s stock worth $39,542,000 after buying an additional 125,820 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of InterXion Holding N.V. during the fourth quarter worth $6,541,000. Finally, Norges Bank bought a new stake in shares of InterXion Holding N.V. during the fourth quarter worth $83,480,000. 88.24% of the stock is currently owned by institutional investors and hedge funds.

About InterXion Holding N.V.

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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