Datalink Corp. (NASDAQ:DTLK)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $9.68 and last traded at $9.51, with a volume of 81,989 shares traded. The stock had previously closed at $9.36.

DTLK has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of Datalink Corp. in a research note on Sunday, May 1st. Zacks Investment Research raised Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday.

The firm has a 50 day moving average price of $8.09 and a 200 day moving average price of $7.94. The firm has a market cap of $205.99 million and a PE ratio of 26.89.

Datalink Corp. (NASDAQ:DTLK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The company earned $199.20 million during the quarter, compared to analysts’ expectations of $186.59 million. During the same quarter in the previous year, the company earned $0.12 EPS. Equities research analysts anticipate that Datalink Corp. will post $0.65 earnings per share for the current year.

In other news, Director Greg R. Meland sold 51,876 shares of the company’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $8.10, for a total value of $420,195.60. Following the completion of the transaction, the director now owns 1,320,426 shares of the company’s stock, valued at $10,695,450.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Greg R. Meland sold 8,386 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $7.94, for a total value of $66,584.84. Following the completion of the transaction, the director now directly owns 1,472,040 shares of the company’s stock, valued at approximately $11,687,997.60. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Datalink Corp. stock. Paradigm Capital Management Inc. NY raised its position in Datalink Corp. (NASDAQ:DTLK) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 989,800 shares of the company’s stock after buying an additional 171,500 shares during the period. Paradigm Capital Management Inc. NY owned approximately 4.26% of Datalink Corp. worth $6,730,000 as of its most recent SEC filing.

Datalink Corporation is engaged in accessing, designing, deploying, managing and supporting infrastructures, such as servers, storage and networks. The Company provides solutions and services to data centers for changing business needs. It leverages hardware and software from original equipment manufacturers (OEMs) as part of its data center optimization offerings.

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