The stock of Intralinks Holdings Inc (NYSE:IL) hit a new 52-week high and has $18.20 target or 69.00% above today’s $10.77 share price. The 6 months bullish chart indicates low risk for the $631.80 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $18.20 price target is reached, the company will be worth $435.94 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 236,222 shares traded hands or 46.38% up from the average. Intralinks Holdings Inc (NYSE:IL) has risen 28.77% since April 11, 2016 and is uptrending. It has outperformed by 22.62% the S&P500.
Intralinks Holdings Inc (NYSE:IL) Ratings Coverage
Out of 2 analysts covering IntraLinks Holdings (NYSE:IL), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. IntraLinks Holdings has been the topic of 3 analyst reports since May 4, 2016 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by JMP Securities given on Thursday, September 22. As per Wednesday, May 4, the company rating was downgraded by Craig Hallum. Craig Hallum upgraded the shares of IL in a report on Thursday, August 4 to “Buy” rating.
According to Zacks Investment Research, “IntraLinks Holdings, Inc. is a global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. The Company’s cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure and easy-to-use environment, eliminating the inherent risks and inefficiencies of using email, fax, courier services and other existing solutions to collaborate and exchange information. Its solutions are used by professionals from organizations in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies. The Company claims to transform slow, expensive, information-intensive tasks into streamlined, efficient, real-time business processes through its solutions. IntraLinks Holdings, Inc. is based in New York, New York.”
Insitutional Activity: The institutional sentiment increased to 1.63 in Q2 2016. Its up 0.61, from 1.02 in 2016Q1. The ratio is positive, as 11 funds sold all Intralinks Holdings Inc shares owned while 27 reduced positions. 20 funds bought stakes while 42 increased positions. They now own 49.03 million shares or 4.20% less from 51.17 million shares in 2016Q1.
Hawk Ridge Capital Mngmt L P holds 2.46% of its portfolio in Intralinks Holdings Inc (NYSE:IL) for 626,579 shares. State Board Of Administration Of Florida Retirement Systems accumulated 32,768 shares or 0% of the stock. Blackrock Fund Advsr last reported 1.07M shares in the company. Walleye Trading Ltd Liability Company holds 0% of its portfolio in Intralinks Holdings Inc (NYSE:IL) for 3,622 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. Symphony Asset Management Lc accumulated 11,777 shares or 0.01% of the stock. Tfs Capital Limited Liability reported 10,703 shares or 0.01% of all its holdings. Ellington Management Group Ltd Liability Corporation holds 0.12% of its portfolio in Intralinks Holdings Inc (NYSE:IL) for 13,600 shares. Nomura Holdings Incorporated reported 26,137 shares or 0% of all its holdings. Blackrock Limited Co, a Delaware-based fund reported 74,527 shares. Blackrock Investment Mgmt Ltd Llc holds 178,346 shares or 0% of its portfolio. Cornerstone Capital Mngmt Holding Ltd Liability Company holds 21,300 shares or 0% of its portfolio. American Grp, a New York-based fund reported 23,817 shares. Citigroup has 0% invested in the company for 20,359 shares. Tiaa Cref Invest Limited Liability Company has 0% invested in the company for 361,354 shares.
Another recent and important Intralinks Holdings Inc (NYSE:IL) news was published by Quotes.Wsj.com which published an article titled: “News IntraLinks Holdings Inc.IL” on February 11, 2011.
IL Company Profile
Intralinks Holdings, Inc. (Intralinks), incorporated on April 5, 2007, is a technology well-known provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall. The Company’s solutions enables its clients to manage electronic information, accelerate information-intensive business processes, reduce time to market, optimize critical information workflows, meet regulatory and risk management requirements, and collaborate with business counterparties in a secure, auditable and compliant manner. The Firm delivers its solutions through a cloud model, making them available on-demand over the Internet using a multi-tenant SaaS architecture. The Firm serves enterprises and governmental agencies across a range of industries, including financial services, pharmaceutical, manufacturing, biotechnology, consumer, energy, telecommunications, industrial, legal, professional services, insurance and technology.
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