Worth Watching: Could Datalink Corporation See a Reversal After Breaking Its 52-Week High?

Worth Watching: Could Datalink Corporation See a Reversal After Breaking Its 52 Week High?

The stock of Datalink Corporation (NASDAQ:DTLK) hit a new 52-week high and has $32.12 target or 187.00% above today’s $11.19 share price. The 5 months bullish chart indicates low risk for the $251.00 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $32.12 price target is reached, the company will be worth $469.37M 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 48,699 shares traded hands. Datalink Corporation (NASDAQ:DTLK) has risen 21.55% since April 15, 2016 and is uptrending. It has outperformed by 16.92% the S&P500.

Datalink Corporation (NASDAQ:DTLK) Ratings Coverage

Out of 2 analysts covering Datalink (NASDAQ:DTLK), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $12.50 is the highest target while $9.0 is the lowest. The $9 average target is -19.57% below today’s ($11.19) stock price. Datalink has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained Datalink Corporation (NASDAQ:DTLK) on Friday, July 31 with “Buy” rating. The company was upgraded on Thursday, October 22 by Craig Hallum. The rating was downgraded by Canaccord Genuity on Tuesday, November 8 to “Hold”. Craig Hallum downgraded the stock to “Hold” rating in Thursday, February 25 report. The stock of Datalink Corporation (NASDAQ:DTLK) has “Buy” rating given on Tuesday, January 5 by Canaccord Genuity.

According to Zacks Investment Research, “Datalink Corporation is an information storage architect. The company analyzes, designs, implements and supports information storage infrastructures that store, protect and provide continuous access to information. Datalink’s specialized capabilities and solutions span storage area networks, network-attached storage, direct-attached storage and IP-based storage, using industry-leading hardware, software and technical services.”

Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.61, from 0.83 in 2016Q1. The ratio increased, as 8 funds sold all Datalink Corporation shares owned while 26 reduced positions. 19 funds bought stakes while 30 increased positions. They now own 16.03 million shares or 4.82% more from 15.30 million shares in 2016Q1.
Pacific Ridge Cap Prns Lc owns 462,600 shares or 1.57% of their US portfolio. Dimensional Fund Advsrs Lp has 1.92 million shares for 0.01% of their US portfolio. Blackrock Investment Management Ltd Com has 0% invested in the company for 85,938 shares. Deutsche Fincl Bank Ag accumulated 7,451 shares or 0% of the stock. Walleye Trading Limited Company last reported 0% of its portfolio in the stock. Manufacturers Life The accumulated 16,779 shares or 0% of the stock. Paradigm Cap Incorporated Ny accumulated 0.1% or 110,829 shares. Jnba Fincl Advisors owns 1,875 shares or 0% of their US portfolio. Bankshares Of Mellon has invested 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK). Kestrel holds 348,200 shares or 1.08% of its portfolio. State Street reported 322,957 shares or 0% of all its holdings. International Group Inc Inc reported 11,592 shares or 0% of all its holdings. Vanguard Group Incorporated Inc holds 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK) for 693,959 shares. Gsa Cap Prtnrs Llp has 49,885 shares for 0.02% of their US portfolio. Citadel Advsr Ltd Liability accumulated 11,467 shares or 0% of the stock.

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 6 insider sales for $1.76 million net activity. Shares for $420,077 were sold by MELAND GREG R. $46,225 worth of shares were sold by BARNUM GREGORY T on Friday, May 27.

More recent Datalink Corporation (NASDAQ:DTLK) news were published by: Prnewswire.com which released: “Datalink Corporation Acquisition May Not Be in the Best Interests of DTLK …” on November 09, 2016. Also Businesswire.com published the news titled: “Datalink Corporation Shareholder Alert: Former SEC Attorney Willie Briscoe and …” on November 07, 2016. Businesswire.com‘s news article titled: “Datalink Corporation to Present at the Needham Next-Gen Storage/Networking …” with publication date: October 25, 2016 was also an interesting one.

DTLK Company Profile

Datalink Corporation, incorporated on February 8, 1963, is a well-known provider of information technology (IT) services and solutions. The Firm provides a full life cycle of services, including consulting, strategy, design, deploy, manage, and support. The Firm leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio. The Company’s portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security.

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