First Trust Advisors LP cut its stake in shares of IntraLinks Holdings Inc. (NYSE:IL) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,007 shares of the company’s stock after selling 5,763 shares during the period. First Trust Advisors LP owned about 0.07% of IntraLinks Holdings worth $267,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silver Capital Management LLC bought a new position in IntraLinks Holdings during the second quarter worth approximately $603,000. Swiss National Bank increased its position in IntraLinks Holdings by 9.8% in the second quarter. Swiss National Bank now owns 69,200 shares of the company’s stock worth $450,000 after buying an additional 6,200 shares in the last quarter. California State Teachers Retirement System increased its position in IntraLinks Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 86,755 shares of the company’s stock worth $564,000 after buying an additional 1,653 shares in the last quarter. Bank of New York Mellon Corp increased its position in IntraLinks Holdings by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 174,556 shares of the company’s stock worth $1,135,000 after buying an additional 6,858 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in IntraLinks Holdings by 12.2% in the second quarter. GW&K Investment Management LLC now owns 175,152 shares of the company’s stock worth $1,138,000 after buying an additional 19,075 shares in the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.
Shares of IntraLinks Holdings Inc. (NYSE:IL) traded down 0.21% during mid-day trading on Monday, hitting $9.60. The stock had a trading volume of 10,813 shares. IntraLinks Holdings Inc. has a one year low of $6.22 and a one year high of $10.44. The firm’s market cap is $545.13 million. The company has a 50-day moving average of $9.74 and a 200 day moving average of $8.25.
IntraLinks Holdings (NYSE:IL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.17. IntraLinks Holdings had a negative net margin of 8.92% and a negative return on equity of 0.66%. The company earned $73 million during the quarter, compared to analyst estimates of $72.81 million. During the same quarter last year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that IntraLinks Holdings Inc. will post $0.20 earnings per share for the current year.
A number of research firms have recently commented on IL. Zacks Investment Research downgraded shares of IntraLinks Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of IntraLinks Holdings in a research note on Saturday, August 6th. Craig Hallum raised shares of IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, August 4th. Finally, JMP Securities began coverage on shares of IntraLinks Holdings in a research note on Thursday, September 22nd. They set a “market perform” rating and a $13.00 price objective for the company.
IntraLinks Holdings Company Profile
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.
Want to see what other hedge funds are holding IL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IntraLinks Holdings Inc. (NYSE:IL).
Receive News & Ratings for IntraLinks Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntraLinks Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.