ClariVest Asset Management LLC Acquires 11,300 Shares of Datalink Corp. (DTLK)
ClariVest Asset Management LLC increased its stake in shares of Datalink Corp. (NASDAQ:DTLK) by 15.5% during the second quarter, Holdings Channel reports. The fund owned 84,231 shares of the company’s stock after buying an additional 11,300 shares during the period. ClariVest Asset Management LLC’s holdings in Datalink Corp. were worth $632,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DTLK. Wellington Management Group LLP raised its stake in shares of Datalink Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,203,731 shares of the company’s stock valued at $29,282,000 after buying an additional 88,043 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Datalink Corp. by 301.2% in the second quarter. Acadian Asset Management LLC now owns 446,960 shares of the company’s stock valued at $3,352,000 after buying an additional 335,547 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Datalink Corp. by 8.8% in the first quarter. Geode Capital Management LLC now owns 132,091 shares of the company’s stock valued at $1,206,000 after buying an additional 10,665 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of Datalink Corp. during the first quarter valued at about $250,000. Finally, Strs Ohio raised its stake in shares of Datalink Corp. by 212.9% in the second quarter. Strs Ohio now owns 75,100 shares of the company’s stock valued at $563,000 after buying an additional 51,100 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.
Shares of Datalink Corp. (NASDAQ:DTLK) traded up 0.10% during midday trading on Friday, hitting $10.37. 56,136 shares of the stock were exchanged. The firm’s 50-day moving average is $10.33 and its 200 day moving average is $9.01. Datalink Corp. has a 52-week low of $6.09 and a 52-week high of $10.99. The firm has a market cap of $229.52 million, a PE ratio of 30.41 and a beta of 1.37.
Datalink Corp. (NASDAQ:DTLK) last released its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company earned $199.20 million during the quarter, compared to analyst estimates of $186.59 million. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. During the same period in the prior year, the firm posted $0.12 EPS. On average, analysts forecast that Datalink Corp. will post $0.65 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Datalink Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th.
About Datalink Corp.
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.
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