Datalink Corp. (NASDAQ:DTLK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $12.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 14.07% from the company’s previous close.
According to Zacks, “Datalink Corporation is an information storage architect. The company analyzes, designs, implements and supports information storage infrastructures that store, protect and provide continuous access to information. Datalink’s specialized capabilities and solutions span storage area networks, network-attached storage, direct-attached storage and IP-based storage, using industry-leading hardware, software and technical services. “
Datalink Corp. (NASDAQ:DTLK) traded up 2.33% during midday trading on Tuesday, reaching $10.52. The company’s stock had a trading volume of 93,740 shares. The company’s 50-day moving average is $10.33 and its 200 day moving average is $9.02. Datalink Corp. has a 52 week low of $6.09 and a 52 week high of $10.99. The firm has a market capitalization of $232.84 million, a P/E ratio of 30.85 and a beta of 1.37.
Datalink Corp. (NASDAQ:DTLK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. The company earned $199.20 million during the quarter, compared to the consensus estimate of $186.59 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Analysts expect that Datalink Corp. will post $0.65 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Datalink Corp. by 2.8% in the first quarter. Wellington Management Group LLP now owns 3,203,731 shares of the company’s stock valued at $29,282,000 after buying an additional 88,043 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Datalink Corp. by 301.2% in the second quarter. Acadian Asset Management LLC now owns 446,960 shares of the company’s stock valued at $3,352,000 after buying an additional 335,547 shares during the period. Oxford Asset Management increased its stake in shares of Datalink Corp. by 6.8% in the second quarter. Oxford Asset Management now owns 113,772 shares of the company’s stock valued at $853,000 after buying an additional 7,223 shares during the period. GSA Capital Partners LLP increased its stake in shares of Datalink Corp. by 330.6% in the second quarter. GSA Capital Partners LLP now owns 49,885 shares of the company’s stock valued at $374,000 after buying an additional 38,300 shares during the period. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of Datalink Corp. during the second quarter valued at $1,633,000. Institutional investors own 73.07% of the company’s stock.
About Datalink Corp.
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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