Traders Buy InterXion (INXN) on Weakness
Investors bought shares of InterXion Holding NV (NYSE:INXN) on weakness during trading hours on Friday. $21.37 million flowed into the stock on the tick-up and $9.74 million flowed out of the stock on the tick-down, for a money net flow of $11.63 million into the stock. Of all equities tracked, InterXion had the 23rd highest net in-flow for the day. InterXion traded down ($0.50) for the day and closed at $61.00
A number of research firms have recently weighed in on INXN. Guggenheim set a $69.00 target price on shares of InterXion and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial reiterated an “outperform” rating and set a $72.00 price target (up from $65.00) on shares of InterXion in a report on Thursday. Barclays upped their price target on shares of InterXion from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Co reiterated an “outperform” rating and set a $68.00 price target (up from $65.00) on shares of InterXion in a report on Thursday. Finally, SunTrust Banks upped their price target on shares of InterXion to $76.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $65.27.
The stock has a market cap of $4,350.95, a price-to-earnings ratio of 87.14, a P/E/G ratio of 5.84 and a beta of 0.74. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.72 and a current ratio of 0.63.
Hedge funds have recently modified their holdings of the business. Lenox Wealth Management Inc. grew its stake in InterXion by 26.9% in the 3rd quarter. Lenox Wealth Management Inc. now owns 12,747 shares of the technology company’s stock worth $649,000 after acquiring an additional 2,704 shares in the last quarter. Monarch Partners Asset Management LLC grew its stake in InterXion by 0.4% in the 4th quarter. Monarch Partners Asset Management LLC now owns 348,443 shares of the technology company’s stock worth $20,534,000 after acquiring an additional 1,260 shares in the last quarter. Ninepoint Partners LP bought a new position in InterXion in the 3rd quarter worth about $1,880,000. Commerzbank Aktiengesellschaft FI grew its stake in InterXion by 10.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,452 shares of the technology company’s stock worth $616,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC grew its stake in InterXion by 12.3% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 14,056 shares of the technology company’s stock worth $828,000 after acquiring an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.
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InterXion Company 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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