Today’s Price Action: Can Intralinks Holdings Inc’s Tomorrow be Different? The Stock Just Broke Its High

Today's Price Action: Can Intralinks Holdings Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Intralinks Holdings Inc (NYSE:IL) hit a new 52-week high and has $18.35 target or 61.00% above today’s $11.40 share price. The 7 months bullish chart indicates low risk for the $675.83M company. The 1-year high was reported on Nov, 17 by If the $18.35 price target is reached, the company will be worth $412.26 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. The stock increased 1.33% or $0.15 on November 17, hitting $11.4. About 288,879 shares traded hands or 62.53% up from the average. Intralinks Holdings Inc (NYSE:IL) has risen 33.61% since April 15, 2016 and is uptrending. It has outperformed by 28.99% 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 stock of Intralinks Holdings Inc (NYSE:IL) has “Hold” rating given on Wednesday, May 4 by Craig Hallum. The firm earned “Mkt Perform” rating on Thursday, September 22 by JMP Securities. The stock of Intralinks Holdings Inc (NYSE:IL) earned “Buy” rating by Craig Hallum on Thursday, August 4.

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 increased, 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.
The New York-based Freshford Cap Ltd Liability Company has invested 5.36% in Intralinks Holdings Inc (NYSE:IL). Allianz Asset Management Ag last reported 201,008 shares in the company. Parametric Portfolio Associates Limited Co reported 185,010 shares or 0% of all its holdings. Moreover, Royal Fincl Bank Of Canada has 0% invested in Intralinks Holdings Inc (NYSE:IL) for 523 shares. Springbok Cap has 143,807 shares for 0.13% of their US portfolio. Credit Suisse Ag has 80,420 shares for 0% of their US portfolio. Cubist Systematic Strategies Llc owns 40,453 shares or 0.02% of their US portfolio. Ta Limited Partnership owns 9.36 million shares or 5.53% of their US portfolio. The New York-based State Bank Of New York Mellon has invested 0% in Intralinks Holdings Inc (NYSE:IL). Voya Management Ltd Liability holds 0% of its portfolio in Intralinks Holdings Inc (NYSE:IL) for 20,961 shares. Secor Limited Partnership reported 86,802 shares or 0.07% of all its holdings. Citigroup Inc last reported 20,359 shares in the company. California Public Employees Retirement System owns 54,700 shares or 0% of their US portfolio. Blackrock Institutional Tru Na accumulated 571,864 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,126 shares or 0% of the stock.

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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