Eminence Capital Ramps Up InterXion Holdings ~ market folly

Wednesday, April 9, 2014

Eminence Capital Ramps Up InterXion Holdings

Ricky Sandler's hedge fund Eminence Capital has filed a 13G on shares of InterXion (INXN) with the SEC.  Per the filing, Eminence now owns 5.6% of the company with over 3.88 million shares.

This marks a boost of 677,739 shares since the end of 2013.  The filing was made due to activity on March 26th.

Per Google Finance, InterXion "is a provider of carrier-neutral colocation data center services in Europe. The Company support customers through 33 data centers in 11 countries enabling them to protect, connect, process and distribute their information. Within its data centers, it enables its customers to connect to a range of telecommunications carriers, Internet service providers and other customers. Its data centers act as content, cloud and connectivity hubs, which facilitate the processing, storage, sharing and distribution of data, content, applications and media between carriers and customers, creating an environment, which it refers to as a community of interest. Its core offering of carrier-neutral colocation services includes space, power, cooling and a secure environment in which to house its customers’ computing, network, storage and information technology (IT) infrastructure."

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