Ulysses Management buys $19,865,150 stake in Intralinks Holdings Inc (IL)

Intralinks Holdings Inc (IL) : Ulysses Management scooped up 16,296 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 15, 2016. The investment management firm now holds a total of 2,280,729 shares of Intralinks Holdings Inc which is valued at $19,865,150.Intralinks Holdings Inc makes up approximately 5.90% of Ulysses Management’s portfolio.

Other Hedge Funds, Including , Kingdon Capital Management L.l.c. sold out all of its stake in IL during the most recent quarter. The investment firm sold 317,032 shares of IL which is valued $2,761,349.Alliancebernstein boosted its stake in IL in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 25,100 shares of Intralinks Holdings Inc which is valued at $218,621.Rhumbline Advisers reduced its stake in IL by selling 2,300 shares or 4.59% in the most recent quarter. The Hedge Fund company now holds 47,852 shares of IL which is valued at $416,791.Credit Suisse Ag boosted its stake in IL in the latest quarter, The investment management firm added 57,008 additional shares and now holds a total of 80,420 shares of Intralinks Holdings Inc which is valued at $700,458.Penserra Capital Management boosted its stake in IL in the latest quarter, The investment management firm added 536,579 additional shares and now holds a total of 1,928,224 shares of Intralinks Holdings Inc which is valued at $16,968,371. Intralinks Holdings Inc makes up approx 2.20% of Penserra Capital Management’s portfolio.

Intralinks Holdings Inc opened for trading at $9.57 and hit $9.77 on the upside on Thursday, eventually ending the session at $9.68, with a gain of 1.47% or 0.14 points. The heightened volatility saw the trading volume jump to 2,08,737 shares. Company has a market cap of $555 M.

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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