California Public Employees Retirement System Acquires 12,900 Shares of Datalink Corp. (DTLK)
California Public Employees Retirement System raised its position in shares of Datalink Corp. (NASDAQ:DTLK) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,400 shares of the company’s stock after buying an additional 12,900 shares during the period. California Public Employees Retirement System owned approximately 0.60% of Datalink Corp. worth $1,016,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new stake in Datalink Corp. during the second quarter worth approximately $595,000. Chicago Equity Partners LLC acquired a new stake in Datalink Corp. during the second quarter worth approximately $709,000. ClariVest Asset Management LLC increased its stake in Datalink Corp. by 15.5% in the second quarter. ClariVest Asset Management LLC now owns 84,231 shares of the company’s stock worth $632,000 after buying an additional 11,300 shares during the last quarter. Strs Ohio increased its stake in Datalink Corp. by 212.9% in the second quarter. Strs Ohio now owns 75,100 shares of the company’s stock worth $563,000 after buying an additional 51,100 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Datalink Corp. during the second quarter worth approximately $1,055,000. Institutional investors own 73.07% of the company’s stock.
Shares of Datalink Corp. (NASDAQ:DTLK) traded up 1.17% during mid-day trading on Tuesday, hitting $10.40. 30,792 shares of the stock were exchanged. The stock has a market cap of $230.18 million, a PE ratio of 30.50 and a beta of 1.37. The company has a 50-day moving average of $10.33 and a 200 day moving average of $9.02. Datalink Corp. has a one year low of $6.09 and a one year high of $10.99.
Datalink Corp. (NASDAQ:DTLK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. The business had revenue of $199.20 million for the quarter, compared to analyst estimates of $186.59 million. During the same period in the previous year, the business posted $0.12 earnings per share. On average, equities analysts predict that Datalink Corp. will post $0.65 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Datalink Corp. from a “strong-buy” rating to a “hold” rating in a 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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