Zacks Investment Research upgraded shares of InterXion Holding N.V. (NYSE:INXN) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $57.00 price target on the technology company’s stock.

According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a buy rating and issued a $55.00 price target on shares of InterXion Holding N.V. in a research note on Thursday, September 14th. Citigroup Inc. boosted their price target on InterXion Holding N.V. from $44.00 to $52.00 and gave the company a buy rating in a research note on Tuesday, June 6th. BidaskClub cut InterXion Holding N.V. from a strong-buy rating to a buy rating in a research note on Thursday, September 14th. Cowen and Company upgraded InterXion Holding N.V. from a neutral rating to an outperform rating and boosted their price target for the company from $45.00 to $54.00 in a research note on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. boosted their price target on InterXion Holding N.V. from $48.00 to $55.00 and gave the company an outperform rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $52.75.

Shares of InterXion Holding N.V. (INXN) opened at 51.42 on Wednesday. InterXion Holding N.V. has a 12 month low of $32.21 and a 12 month high of $52.15. The company has a market cap of $3.55 billion, a P/E ratio of 72.94 and a beta of 0.57. The firm has a 50 day moving average price of $50.56 and a 200-day moving average price of $45.71.

InterXion Holding N.V. (NYSE:INXN) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). InterXion Holding N.V. had a return on equity of 6.85% and a net margin of 9.25%. The firm had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s revenue was up 16.2% on a year-over-year basis. Analysts anticipate that InterXion Holding N.V. will post $0.73 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westpac Banking Corp lifted its stake in InterXion Holding N.V. by 47.6% during the second quarter. Westpac Banking Corp now owns 149,122 shares of the technology company’s stock worth $6,827,000 after purchasing an additional 48,121 shares during the last quarter. Aperio Group LLC lifted its stake in InterXion Holding N.V. by 50.1% during the second quarter. Aperio Group LLC now owns 15,520 shares of the technology company’s stock worth $711,000 after purchasing an additional 5,183 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in InterXion Holding N.V. by 15.8% during the second quarter. Westfield Capital Management Co. LP now owns 785,001 shares of the technology company’s stock worth $35,937,000 after purchasing an additional 106,916 shares during the last quarter. Legal & General Group Plc lifted its stake in InterXion Holding N.V. by 23.5% during the second quarter. Legal & General Group Plc now owns 139,758 shares of the technology company’s stock worth $6,398,000 after purchasing an additional 26,575 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its stake in InterXion Holding N.V. by 293.2% during the second quarter. Engineers Gate Manager LP now owns 22,839 shares of the technology company’s stock worth $1,046,000 after purchasing an additional 17,031 shares during the last quarter. Hedge funds and other institutional investors own 88.53% of the company’s stock.

InterXion Holding N.V. 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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