Soros Fund Management LLC purchased a new position in InterXion Holding N.V. (NYSE:INXN) during the first quarter, Holdings Channel reports. The firm purchased 350,000 shares of the technology company’s stock, valued at approximately $13,846,000.
Several other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in InterXion Holding N.V. during the first quarter worth $110,000. BNP Paribas Arbitrage SA raised its position in InterXion Holding N.V. by 6.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,950 shares of the technology company’s stock worth $156,000 after buying an additional 250 shares during the last quarter. Bank of Montreal Can raised its position in InterXion Holding N.V. by 7.5% in the first quarter. Bank of Montreal Can now owns 5,064 shares of the technology company’s stock worth $200,000 after buying an additional 354 shares during the last quarter. Engineers Gate Manager LP purchased a new position in InterXion Holding N.V. during the first quarter worth $230,000. Finally, SG Americas Securities LLC purchased a new position in InterXion Holding N.V. during the first quarter worth $231,000. Institutional investors and hedge funds own 88.25% of the company’s stock.
Shares of InterXion Holding N.V. (INXN) traded down 0.14% during midday trading on Friday, hitting $43.87. 185,818 shares of the stock traded hands. InterXion Holding N.V. has a 12-month low of $32.21 and a 12-month high of $45.92. The company’s 50 day moving average price is $44.06 and its 200-day moving average price is $39.29. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 69.52 and a beta of 0.67.
InterXion Holding N.V. (NYSE:INXN) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. InterXion Holding N.V. had a return on equity of 6.80% and a net margin of 9.33%. The business had revenue of $113.90 million for the quarter, compared to analyst estimates of $112.86 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that InterXion Holding N.V. will post $0.74 EPS for the current year.
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A number of brokerages recently weighed in on INXN. Royal Bank of Canada restated a “buy” rating and set a $45.00 target price on shares of InterXion Holding N.V. in a research report on Friday, April 21st. Stifel Nicolaus restated a “buy” rating on shares of InterXion Holding N.V. in a research report on Tuesday, April 25th. ValuEngine upgraded shares of InterXion Holding N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of InterXion Holding N.V. from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Wednesday, May 31st. Finally, Citigroup Inc. upped their target price on shares of InterXion Holding N.V. from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.63.
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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