IntraLinks Holdings Inc. (NYSE:IL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “IntraLinks Holdings, Inc. is a global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. The Company’s cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure and easy-to-use environment, eliminating the inherent risks and inefficiencies of using email, fax, courier services and other existing solutions to collaborate and exchange information. Its solutions are used by professionals from organizations in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies. The Company claims to transform slow, expensive, information-intensive tasks into streamlined, efficient, real-time business processes through its solutions. IntraLinks Holdings, Inc. is based in New York, New York. “

A number of other equities analysts have also recently issued reports on IL. B. Riley reiterated a “buy” rating and set a $14.25 price objective on shares of IntraLinks Holdings in a research report on Monday, August 1st. Craig Hallum raised shares of IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, August 4th. Finally, JMP Securities started coverage on shares of IntraLinks Holdings in a report on Thursday, September 22nd. They set a “market perform” rating and a $13.00 target price on the stock.

IntraLinks Holdings (NYSE:IL) opened at 9.87 on Wednesday. The firm has a 50-day moving average of $9.62 and a 200-day moving average of $8.15. IntraLinks Holdings has a 52 week low of $6.22 and a 52 week high of $10.44. The company’s market capitalization is $560.46 million.

IntraLinks Holdings (NYSE:IL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.17. The company had revenue of $73 million for the quarter, compared to analyst estimates of $72.81 million. IntraLinks Holdings had a negative return on equity of 0.66% and a negative net margin of 8.92%. IntraLinks Holdings’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Equities analysts expect that IntraLinks Holdings will post $0.20 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of IL. Silver Capital Management LLC bought a new position in shares of IntraLinks Holdings during the second quarter valued at about $603,000. Swiss National Bank raised its position in shares of IntraLinks Holdings by 9.8% in the second quarter. Swiss National Bank now owns 69,200 shares of the company’s stock valued at $450,000 after buying an additional 6,200 shares in the last quarter. California State Teachers Retirement System raised its position in shares of IntraLinks Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 86,755 shares of the company’s stock valued at $564,000 after buying an additional 1,653 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of IntraLinks Holdings by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 174,556 shares of the company’s stock valued at $1,135,000 after buying an additional 6,858 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of IntraLinks Holdings by 12.2% in the second quarter. GW&K Investment Management LLC now owns 175,152 shares of the company’s stock valued at $1,138,000 after buying an additional 19,075 shares in the last quarter. 91.72% of the stock is currently owned by institutional investors.

IntraLinks Holdings Company Profile

Intralinks Holdings, Inc is a technology 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, exchange and collaborate on sensitive information inside and outside the firewall.

5 Day Chart for NYSE:IL

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