Cannell Capital buys $19,125,435 stake in Intralinks Holdings Inc (IL)

Intralinks Holdings Inc (IL) : Cannell Capital scooped up 127,862 additional shares in Intralinks Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,195,802 shares of Intralinks Holdings Inc which is valued at $19,125,435.Intralinks Holdings Inc makes up approximately 7.30% of Cannell Capital’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in IL by selling 90,900 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 2,728,600 shares of IL which is valued at $23,766,106. Intralinks Holdings Inc makes up approx 0.04% of Renaissance Technologies’s portfolio.Teachers Advisors Inc boosted its stake in IL in the latest quarter, The investment management firm added 167,652 additional shares and now holds a total of 868,660 shares of Intralinks Holdings Inc which is valued at $7,566,029. Intralinks Holdings Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio. Peak6 Investments added IL to its portfolio by purchasing 15,655 company shares during the most recent quarter which is valued at $136,355. Intralinks Holdings Inc makes up approx 0.01% of Peak6 Investments’s portfolio. Denver Investment Advisors sold out all of its stake in IL during the most recent quarter. The investment firm sold 11,221 shares of IL which is valued $98,745.

Intralinks Holdings Inc closed down -0.06 points or -0.63% at $9.44 with 83,544 shares getting traded on Monday. Post opening the session at $9.47, the shares hit an intraday low of $9.4 and an intraday high of $9.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Intralinks Holdings Inc reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $73.00 million for the quarter, compared to analysts expectations of $72.81 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Intralinks Holdings Inc. Intralinks Holdings Inc was Upgraded by Craig Hallum to ” Buy” on Aug 4, 2016.

Intralinks Holdings Inc. is a global 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 and exchange time-sensitive information inside and outside the firewall all within a secure and easy-to-use environment. The Company delivers its solutions through a cloud-based model making them available on-demand over the Internet using a multi-tenant SaaS architecture in which a single instance of its software serves all the customers. The Company serves enterprises and governmental agencies in approximately 94 countries across a range of industries including financial services pharmaceutical manufacturing biotechnology consumer energy telecommunications industrial legal professional services insurance and technology.

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