Freshford Capital Management Lowers stake in Intralinks Holdings Inc (IL)

Intralinks Holdings Inc (IL) : Freshford Capital Management reduced its stake in Intralinks Holdings Inc by 0.42% during the most recent quarter end. The investment management company now holds a total of 2,750,969 shares of Intralinks Holdings Inc which is valued at $30,150,620 after selling 11,700 shares in Intralinks Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Intralinks Holdings Inc makes up approximately 9.61% of Freshford Capital Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in IL in the latest quarter, The investment management firm added 118,192 additional shares and now holds a total of 455,366 shares of Intralinks Holdings Inc which is valued at $4,927,060. Intralinks Holdings Inc makes up approx 0.01% of D. E. Shaw’s portfolio. Clarivest Asset Management added IL to its portfolio by purchasing 19,550 company shares during the most recent quarter which is valued at $198,433. Intralinks Holdings Inc makes up approx 0.01% of Clarivest Asset Management’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… added IL to its portfolio by purchasing 10,800 company shares during the most recent quarter which is valued at $99,900.California Public Employees Retirement System reduced its stake in IL by selling 3,600 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 51,100 shares of IL which is valued at $503,335.

Intralinks Holdings Inc opened for trading at $11.42 and hit $11.55 on the upside on Monday, eventually ending the session at $11.54, with a gain of 1.23% or 0.14 points. The heightened volatility saw the trading volume jump to 2,23,767 shares. Company has a market cap of $666 M.

On the company’s financial health, Intralinks Holdings Inc reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.05. The company had revenue of $75.40 million for the quarter, compared to analysts expectations of $75.40 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Intralinks Holdings Inc. Intralinks Holdings Inc was Initiated by JMP Securities to “Mkt Perform” on Sep 22, 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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