IntraLinks Holdings Inc. (IL) Trading Up 1.7%
Shares of IntraLinks Holdings Inc. (NYSE:IL) were up 1.7% during trading on Thursday . The company traded as high as $7.07 and last traded at $7.01, with a volume of 251,155 shares trading hands. The stock had previously closed at $6.89.
A number of brokerages recently weighed in on IL. Zacks Investment Research raised shares of IntraLinks Holdings from a “hold” rating to a “strong-buy” rating and set a $8.75 target price for the company in a research note on Friday, May 6th. Craig Hallum lowered shares of IntraLinks Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.25 target price on shares of IntraLinks Holdings in a research note on Monday, May 9th.
The company has a 50-day moving average price of $7.04 and a 200-day moving average price of $7.72. The firm’s market capitalization is $405.00 million.
A hedge fund recently raised its stake in IntraLinks Holdings stock. Dimensional Fund Advisors LP raised its position in IntraLinks Holdings Inc. (NYSE:IL) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,845,861 shares of the company’s stock after buying an additional 109,592 shares during the period. Dimensional Fund Advisors LP owned about 3.20% of IntraLinks Holdings worth $16,742,000 at the end of the most recent reporting 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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