IntraLinks Holdings Inc. (IL) Trading 2.9% Higher
IntraLinks Holdings Inc. (NYSE:IL) traded up 2.9% during trading on Thursday . The company traded as high as $6.82 and last traded at $6.70, with a volume of 223,630 shares changing hands. The stock had previously closed at $6.51.
IL has been the subject of several recent analyst reports. Zacks Investment Research downgraded IntraLinks Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday. B. Riley restated a “buy” rating and issued a $14.25 price target on shares of IntraLinks Holdings in a report on Monday, May 9th. Finally, Craig Hallum downgraded IntraLinks Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th.
The firm has a 50-day moving average of $7.23 and a 200-day moving average of $7.85. The stock’s market capitalization is $387.69 million.
Other large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in IntraLinks Holdings during the fourth quarter valued at $15,097,000. Dimensional Fund Advisors LP increased its stake in IntraLinks Holdings by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,845,861 shares of the company’s stock valued at $16,742,000 after buying an additional 109,592 shares during the period. Finally, Wells Fargo & Company MN increased its stake in IntraLinks Holdings by 35.9% in the fourth quarter. Wells Fargo & Company MN now owns 127,115 shares of the company’s stock valued at $1,153,000 after buying an additional 33,551 shares during the period.
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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