InterXion Holding N.V. (INXN) Stake Increased by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. grew its position in InterXion Holding N.V. (NYSE:INXN) by 19.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,363 shares of the technology company’s stock after buying an additional 552 shares during the period. Oppenheimer Asset Management Inc.’s holdings in InterXion Holding N.V. were worth $153,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC purchased a new position in shares of InterXion Holding N.V. in the 2nd quarter valued at approximately $54,874,000. Great West Life Assurance Co. Can purchased a new position in shares of InterXion Holding N.V. in the 2nd quarter valued at approximately $30,614,000. Soros Fund Management LLC purchased a new position in shares of InterXion Holding N.V. in the 1st quarter valued at approximately $13,846,000. Citadel Advisors LLC raised its position in shares of InterXion Holding N.V. by 32.1% in the 1st quarter. Citadel Advisors LLC now owns 1,077,108 shares of the technology company’s stock valued at $42,611,000 after purchasing an additional 261,461 shares during the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of InterXion Holding N.V. in the 2nd quarter valued at approximately $11,845,000. Institutional investors and hedge funds own 88.37% of the company’s stock.
Several equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 price objective on shares of InterXion Holding N.V. in a research report on Thursday, September 14th. Cowen and Company raised shares of InterXion Holding N.V. from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $45.00 to $54.00 in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of InterXion Holding N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC increased their price objective on shares of InterXion Holding N.V. from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Finally, ValuEngine raised shares of InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $52.50.
InterXion Holding N.V. (NYSE:INXN) opened at 50.02 on Friday. The firm’s 50-day moving average is $50.04 and its 200-day moving average is $44.73. InterXion Holding N.V. has a 52-week low of $32.21 and a 52-week high of $52.15. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 71.25 and a beta of 0.63.
InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The business had revenue of $120.80 million during the quarter, compared to analyst estimates of $117.13 million. InterXion Holding N.V. had a net margin of 9.25% and a return on equity of 6.85%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. Analysts predict that InterXion Holding N.V. will post $0.74 earnings per share for the current year.
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InterXion Holding N.V. Profile
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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