First Mercantile Trust Co. Cuts Stock Position in InterXion Holding NV (NYSE:INXN)

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First Mercantile Trust Co. lessened its stake in shares of InterXion Holding NV (NYSE:INXN) by 20.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,648 shares of the technology company’s stock after selling 916 shares during the period. First Mercantile Trust Co.’s holdings in InterXion were worth $297,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in InterXion by 13.6% during the 2nd quarter. BlackRock Inc. now owns 3,068,824 shares of the technology company’s stock worth $233,507,000 after purchasing an additional 366,540 shares during the last quarter. Cohen & Steers Inc. grew its position in InterXion by 103.2% during the 2nd quarter. Cohen & Steers Inc. now owns 2,322,363 shares of the technology company’s stock worth $176,709,000 after purchasing an additional 1,179,223 shares during the last quarter. Wells Fargo & Company MN lifted its stake in InterXion by 135.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,249,738 shares of the technology company’s stock valued at $171,183,000 after acquiring an additional 1,293,785 shares during the period. Wasatch Advisors Inc. lifted its stake in InterXion by 28.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,087,458 shares of the technology company’s stock valued at $158,835,000 after acquiring an additional 468,646 shares during the period. Finally, Resolution Capital Ltd lifted its stake in InterXion by 23.8% during the 3rd quarter. Resolution Capital Ltd now owns 1,495,866 shares of the technology company’s stock valued at $121,853,000 after acquiring an additional 287,800 shares during the period. 92.81% of the stock is currently owned by institutional investors.

Several analysts have commented on the stock. ValuEngine upgraded shares of InterXion from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Raymond James lifted their price objective on shares of InterXion from $85.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday. Guggenheim set a $90.00 price objective on shares of InterXion and gave the company a “buy” rating in a research note on Thursday, September 12th. SunTrust Banks lifted their price objective on shares of InterXion from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of InterXion from a “sell” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. InterXion has an average rating of “Buy” and a consensus target price of $85.63.

Shares of NYSE INXN opened at $80.85 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.51. The company has a 50 day simple moving average of $83.36 and a two-hundred day simple moving average of $77.23. InterXion Holding NV has a 12 month low of $50.05 and a 12 month high of $102.66. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 122.50, a PEG ratio of 12.26 and a beta of 0.93.

InterXion (NYSE:INXN) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.05). InterXion had a net margin of 6.00% and a return on equity of 5.29%. The firm had revenue of $158.48 million during the quarter, compared to analyst estimates of $157.18 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts forecast that InterXion Holding NV will post 0.56 EPS for the current year.

InterXion Company Profile

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, cloud platforms, Internet service providers, and other customers.

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Institutional Ownership by Quarter for InterXion (NYSE:INXN)

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