December 1, 2016 - By Louis Casey · 0 Comments
The stock of Datalink Corporation (NASDAQ:DTLK) registered an increase of 2.28% in short interest. DTLK’s total short interest was 538,600 shares in December as published by FINRA. Its up 2.28% from 526,600 shares, reported previously. With 71,100 shares average volume, it will take short sellers 8 days to cover their DTLK’s short positions. The short interest to Datalink Corporation’s float is 3.14%. About 49,084 shares traded hands. Datalink Corporation (NASDAQ:DTLK) has risen 38.61% since April 28, 2016 and is uptrending. It has outperformed by 32.69% the S&P500.
Datalink Corporation is a provider of information technology services and solutions. The company has a market cap of $251.90 million. The Firm provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. It has a 36.4 P/E ratio. The Firm leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
Insitutional Activity: The institutional sentiment increased to 2.88 in 2016 Q2. Its up 1.44, from 1.44 in 2016Q1. The ratio is positive, as 8 funds sold all Datalink Corporation shares owned while 26 reduced positions. 19 funds bought stakes while 30 increased positions. They now own 16.03 million shares or 4.82% more from 15.30 million shares in 2016Q1.
Gsa Llp accumulated 0.02% or 49,885 shares. Cornerstone Capital Mngmt Hldgs Ltd Liability Company reported 56,400 shares or 0% of all its holdings. Deutsche Bancorporation Ag holds 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK) for 7,451 shares. Blackrock holds 0% or 4,738 shares in its portfolio. Parametric Port Assocs Limited Liability, a Washington-based fund reported 72,533 shares. Strs Ohio last reported 0% of its portfolio in the stock. Rhumbline Advisers has 30,232 shares for 0% of their US portfolio. Morgan Stanley reported 208,984 shares or 0% of all its holdings. Schwab Charles Inv Mgmt Incorporated has invested 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK). Matarin Mgmt Ltd Co has 78,391 shares for 0% of their US portfolio. Bank & Trust Of America Corp De has invested 0% of its portfolio in Datalink Corporation (NASDAQ:DTLK). The California-based Menta Cap Limited Liability Corp has invested 0.03% in Datalink Corporation (NASDAQ:DTLK). Us Bancorp De last reported 1,000 shares in the company. Brandywine Glob Investment Mngmt Limited Liability Corporation last reported 13,300 shares in the company. Renaissance Technology Ltd Liability Co last reported 0.01% of its portfolio in the stock.
Out of 2 analysts covering Datalink (NASDAQ:DTLK), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Datalink has been the topic of 5 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, November 8. The company was downgraded on Thursday, February 25 by Craig Hallum. Canaccord Genuity maintained Datalink Corporation (NASDAQ:DTLK) rating on Friday, July 31. Canaccord Genuity has “Buy” rating and $12.50 price target. Canaccord Genuity reinitiated the stock with “Buy” rating in Tuesday, January 5 report. The firm has “Buy” rating given on Thursday, October 22 by Craig Hallum.
Datalink Corporation, incorporated on February 8, 1963, is a well-known provider of information technology (IT) services and solutions. The Firm provides a full life cycle of services, including consulting, strategy, design, deploy, manage, and support. The Firm leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio. The Company’s portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security.
More recent Datalink Corporation (NASDAQ:DTLK) news were published by: Profitconfidential.com which released: “DTLK Stock: Is Datalink Corporation a Potential Buyout Target?” on November 28, 2016. Also Prnewswire.com published the news titled: “Datalink Corporation Acquisition May Not Be in the Best Interests of DTLK …” on November 09, 2016. Prnewswire.com‘s news article titled: “DATALINK (DTLK) ALERT: Johnson & Weaver, LLP Launches an Investigation into …” with publication date: November 07, 2016 was also an interesting one.
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By Louis Casey