SkyTop Capital Management LLC Has $13.28 Million Stock Holdings in InterXion Holding NV (NYSE:INXN)

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SkyTop Capital Management LLC reduced its holdings in InterXion Holding NV (NYSE:INXN) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 174,471 shares of the technology company’s stock after selling 10,529 shares during the quarter. InterXion comprises 11.3% of SkyTop Capital Management LLC’s holdings, making the stock its 3rd largest holding. SkyTop Capital Management LLC owned 0.23% of InterXion worth $13,275,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of INXN. Tortoise Index Solutions LLC acquired a new stake in InterXion in the first quarter valued at approximately $33,000. Flinton Capital Management LLC grew its stake in InterXion by 215.4% in the second quarter. Flinton Capital Management LLC now owns 656 shares of the technology company’s stock valued at $50,000 after acquiring an additional 448 shares during the period. Meadow Creek Investment Management LLC grew its stake in InterXion by 215.4% in the second quarter. Meadow Creek Investment Management LLC now owns 902 shares of the technology company’s stock valued at $69,000 after acquiring an additional 616 shares during the period. Glen Harbor Capital Management LLC grew its stake in InterXion by 215.4% in the second quarter. Glen Harbor Capital Management LLC now owns 1,148 shares of the technology company’s stock valued at $87,000 after acquiring an additional 784 shares during the period. Finally, NEXT Financial Group Inc grew its stake in InterXion by 13.8% in the second quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock valued at $93,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 92.54% of the company’s stock.

A number of equities research analysts have commented on INXN shares. Guggenheim set a $90.00 price objective on InterXion and gave the company a “buy” rating in a research note on Thursday, September 12th. ValuEngine raised InterXion from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 3rd. Wells Fargo & Co cut InterXion from an “outperform” rating to a “market perform” rating and set a $85.00 target price on the stock. in a research report on Monday, September 9th. They noted that the move was a valuation call. Credit Suisse Group set a $82.00 target price on InterXion and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 target price on shares of InterXion in a research report on Sunday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. InterXion presently has a consensus rating of “Buy” and an average target price of $84.14.

Shares of NYSE:INXN traded up $0.09 during mid-day trading on Thursday, hitting $79.01. 11,112 shares of the company traded hands, compared to its average volume of 330,939. The stock has a market cap of $6.07 billion, a P/E ratio of 119.91, a P/E/G ratio of 9.79 and a beta of 0.92. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.51. InterXion Holding NV has a 12-month low of $50.05 and a 12-month high of $82.48. The stock has a 50-day moving average price of $78.44 and a two-hundred day moving average price of $72.93.

InterXion (NYSE:INXN) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The company had revenue of $158.48 million for the quarter, compared to analysts’ expectations of $157.18 million. InterXion had a net margin of 6.00% and a return on equity of 5.29%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. As a group, analysts expect that InterXion Holding NV will post 0.55 earnings per share for the current year.

About InterXion

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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