InterXion (INXN) Hits New 52-Week High at $69.75

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Shares of InterXion Holding NV (NYSE:INXN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.75 and last traded at $69.82, with a volume of 7952 shares. The stock had previously closed at $69.19.

INXN has been the topic of a number of research analyst reports. Credit Suisse Group cut their price target on shares of InterXion from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Zacks Investment Research downgraded shares of InterXion from a “hold” rating to a “sell” rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $76.14.

The company has a current ratio of 1.26, a quick ratio of 1.89 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 106.80, a PEG ratio of 7.33 and a beta of 1.11.

InterXion (NYSE:INXN) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). The company had revenue of $146.90 million during the quarter, compared to analysts’ expectations of $147.94 million. InterXion had a return on equity of 6.47% and a net margin of 5.55%. InterXion’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. On average, analysts anticipate that InterXion Holding NV will post 0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moody Aldrich Partners LLC lifted its holdings in InterXion by 23.2% during the first quarter. Moody Aldrich Partners LLC now owns 152,305 shares of the technology company’s stock valued at $10,163,000 after purchasing an additional 28,696 shares during the last quarter. Jacobson & Schmitt Advisors LLC lifted its holdings in shares of InterXion by 3.7% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 105,084 shares of the technology company’s stock worth $7,012,000 after buying an additional 3,748 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of InterXion by 25.9% in the first quarter. Janus Henderson Group PLC now owns 931,922 shares of the technology company’s stock worth $62,185,000 after buying an additional 191,858 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of InterXion by 7.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,775 shares of the technology company’s stock worth $519,000 after buying an additional 539 shares in the last quarter. Finally, Brinker Capital Inc. lifted its holdings in shares of InterXion by 66.3% in the first quarter. Brinker Capital Inc. now owns 14,004 shares of the technology company’s stock worth $934,000 after buying an additional 5,581 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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InterXion Company Profile (NYSE:INXN)

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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