The New Sand Grove Capital Management Llp Holding in Datalink Corp
Sand Grove Capital Management Llp filed with the SEC SC 13D form for Datalink Corp. The form can be accessed here: 000115752316007479. As reported in Sand Grove Capital Management Llp’s form, the filler as of late owns 5.6% or 1,250,884 shares of the Information Technology–company.
Datalink Corp stake is a new one for the and it was filed because of activity on 21 November 2016. We feel this shows Sand Grove Capital Management Llp’s positive view for the stock.
Reasons Why Sand Grove Capital Management Llp Bought – Datalink Corp Stock
Item 4.Purpose of Transaction
Datalink Corp Institutional Sentiment
Latest Security and Exchange filings show 79 investors own Datalink Corp. The institutional ownership in Q3 2015 is high, at 92.51% of the outstanding shares. This is increased by 4059146 the total institutional shares. 20740569 were the shares owned by these institutional investors. In total 7 funds opened new Datalink Corp stakes, 33 increased stakes. There were 12 that closed positions and 27 reduced them.
Mark Lee Forest Hill Capital Llc is an institutional investor bullish on Datalink Corp, owning 137305 shares as of Q3 2015 for 0.08% of its portfolio. Paradigm Capital Management Inc owns 818300 shares or 0.59% of its portfolio. OR Pacific Ridge Capital Partners Llc have 1.34% of their stock portfolio for 457820 shares. Further, Corbyn Investment Management Inc reported stake worth 1.10% of its US stock portfolio. The AR Horrell Capital Management Inc owns 975200 shares. Datalink Corp is 3.69% of the manager’s US portfolio.
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio. Its portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security. The Company’s cloud services provide a foundation for services delivery models, such as IT as a service (ITaaS). These services include assessment and readiness workshops, security and migration strategies, automation, orchestration, Datalink Cloud Complete, DR Testing and X (anything) As A Service (XaaS). Its data center transformation portfolio includes technical infrastructure strategy and roadmaps, cloud strategies, IT process and management, IT operational outsourcing and managed services strategies.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 2.88 in Q2 2016. Its up 1.44, from 1.44 in 2016Q1. The ratio improved, 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.
Spark Inv Ltd Company holds 0.05% or 67,800 shares in its portfolio. California Pub Employees Retirement owns 135,400 shares or 0% of their US portfolio. Northern Corporation accumulated 0% or 230,105 shares. Pnc Fincl Svcs Gp, a Pennsylvania-based fund reported 208 shares. Teachers Advsrs holds 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK) for 29,668 shares. Oxford Asset accumulated 113,772 shares or 0.04% of the stock. Manufacturers Life The holds 0% or 16,779 shares in its portfolio. Qs Invsts Ltd Limited Liability Company last reported 96,536 shares in the company. Denver Inv Advisors Ltd Llc last reported 0% of its portfolio in the stock. Vanguard holds 0% or 693,959 shares in its portfolio. Tiaa Cref Inv Mgmt Ltd accumulated 69,563 shares or 0% of the stock. Wellington Mngmt Llp holds 3.20 million shares or 0.01% of its portfolio. Bancorporation Of Montreal Can has 0% invested in the company for 140,694 shares. Blackrock Institutional Tru Na last reported 629,775 shares in the company. Group Inc has invested 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK).
Analysts await Datalink Corporation (NASDAQ:DTLK) to report earnings on February, 22. They expect $0.16 earnings per share, up 33.33% or $0.04 from last year’s $0.12 per share. DTLK’s profit will be $3.58M for 17.45 P/E if the $0.16 EPS becomes a reality. After $0.03 actual earnings per share reported by Datalink Corporation for the previous quarter, Wall Street now forecasts 433.33% EPS growth.
The stock increased 0.09% or $0.01 during the last trading session, hitting $11.17. Datalink Corporation (NASDAQ:DTLK) has risen 27.80% since April 27, 2016 and is uptrending. It has outperformed by 22.58% the S&P500.
Datalink Corporation is a provider of information technology services and solutions. The company has a market cap of $249.99 million. The Firm provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. It has a 36.29 P/E ratio. The Firm leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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 -19.43% below today’s ($11.17) stock price. Datalink has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Datalink Corporation (NASDAQ:DTLK) has “Hold” rating given on Thursday, February 25 by Craig Hallum. The firm has “Buy” rating given on Tuesday, January 5 by Canaccord Genuity. The firm has “Buy” rating by Canaccord Genuity given on Friday, July 31. The rating was downgraded by Canaccord Genuity on Tuesday, November 8 to “Hold”. The firm has “Buy” rating by Craig Hallum given on Thursday, October 22.
More notable recent Datalink Corporation (NASDAQ:DTLK) news were published by: Profitconfidential.com which released: “DTLK Stock: Is Datalink Corporation a Potential Buyout Target?” on November 28, 2016, also Prnewswire.com with their article: “Datalink Corporation Acquisition May Not Be in the Best Interests of DTLK …” published on November 09, 2016, Businesswire.com published: “Datalink Corporation to Present at the Needham Next-Gen Storage/Networking …” on October 25, 2016. More interesting news about Datalink Corporation (NASDAQ:DTLK) were released by: Seekingalpha.com and their article: “Datalink’s Plan Isn’t Working” published on March 02, 2016 as well as Businesswire.com‘s news article titled: “Datalink Corporation Shareholder Alert: Former SEC Attorney Willie Briscoe and …” with publication date: November 07, 2016.
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.”
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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