Teachers Insurance & Annuity Association of America purchased a new stake in shares of InterXion Holding NV (NYSE:INXN) during the 2nd quarter, HoldingsChannel reports. The firm purchased 40,000 shares of the technology company’s stock, valued at approximately $3,043,000.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Trust Co. raised its stake in shares of InterXion by 37.7% in the second quarter. Cambridge Trust Co. now owns 9,451 shares of the technology company’s stock worth $719,000 after purchasing an additional 2,588 shares during the last quarter. Tortoise Index Solutions LLC acquired a new stake in shares of InterXion during the first quarter worth about $33,000. Wells Fargo & Company MN boosted its position in InterXion by 135.3% in the second quarter. Wells Fargo & Company MN now owns 2,249,738 shares of the technology company’s stock valued at $171,183,000 after buying an additional 1,293,785 shares during the last quarter. Dupont Capital Management Corp boosted its position in InterXion by 350.0% in the second quarter. Dupont Capital Management Corp now owns 60,947 shares of the technology company’s stock valued at $4,637,000 after buying an additional 47,403 shares during the last quarter. Finally, NEXT Financial Group Inc increased its holdings in InterXion by 13.8% in the 2nd quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock worth $93,000 after buying an additional 149 shares during the period. 92.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of INXN traded up $0.45 during mid-day trading on Wednesday, reaching $76.38. The company had a trading volume of 11,035 shares, compared to its average volume of 314,657. InterXion Holding NV has a 52-week low of $50.05 and a 52-week high of $82.48. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.51. The stock has a market capitalization of $5.96 billion, a P/E ratio of 116.55, a PEG ratio of 9.95 and a beta of 0.92. The stock has a 50 day moving average of $78.09 and a two-hundred day moving average of $72.50.

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

A number of research firms have issued reports on INXN. Royal Bank of Canada reissued a “buy” rating and set a $84.00 price target on shares of InterXion in a research report on Sunday, August 11th. Citigroup upped their price objective on shares of InterXion from $76.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, May 16th. ValuEngine upgraded shares of InterXion from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 3rd. Credit Suisse Group set a $82.00 price objective on shares of InterXion and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Co cut shares of InterXion from an “outperform” rating to a “market perform” rating and set a $85.00 target price for the company. in a report on Monday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $83.17.

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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