Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of IntraLinks Holdings Inc. (NYSE:IL) during the third quarter, Holdings Channel reports. The firm purchased 21,000 shares of the company’s stock, valued at approximately $211,000.
A number of other hedge funds have also made changes to their positions in IL. BlackRock Inc. raised its stake in shares of IntraLinks Holdings by 5.1% in the third quarter. BlackRock Inc. now owns 10,044 shares of the company’s stock worth $101,000 after buying an additional 484 shares during the period. PEAK6 Investments L.P. purchased a new stake in IntraLinks Holdings during the second quarter valued at about $102,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in IntraLinks Holdings during the third quarter valued at about $109,000. AHL Partners LLP purchased a new stake in IntraLinks Holdings during the second quarter valued at about $114,000. Finally, JPMorgan Chase & Co. raised its stake in IntraLinks Holdings by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 17,846 shares of the company’s stock valued at $116,000 after buying an additional 4,796 shares during the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.
Shares of IntraLinks Holdings Inc. (NYSE:IL) remained flat at $13.01 during trading on Friday. IntraLinks Holdings Inc. has a one year low of $6.22 and a one year high of $13.72. The company’s 50-day moving average price is $13.05 and its 200-day moving average price is $10.12.
Several research firms have recently issued reports on IL. B. Riley lowered shares of IntraLinks Holdings to a “neutral” rating and set a $13.00 target price for the company. in a research note on Monday, January 16th. Stifel Nicolaus upped their target price on shares of IntraLinks Holdings from $13.00 to $13.50 and gave the stock a “hold” rating in a research note on Tuesday, December 20th. Ladenburg Thalmann Financial Services lowered shares of IntraLinks Holdings from a “buy” rating to a “neutral” rating in a research note on Friday, December 9th. Craig Hallum lowered shares of IntraLinks Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, December 7th. Finally, JMP Securities lowered shares of IntraLinks Holdings from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.90.
IntraLinks Holdings Company Profile
Intralinks Holdings, Inc is a technology provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud-based solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall.
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