Zacks Investment Research upgraded shares of Datalink Corp. (NASDAQ:DTLK) from a hold rating to a buy rating in a report published on Tuesday morning. They currently have $12.00 price objective on the stock.

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) opened at 10.62 on Tuesday. The firm has a market capitalization of $235.05 million, a price-to-earnings ratio of 31.14 and a beta of 1.37. Datalink Corp. has a 12-month low of $6.13 and a 12-month high of $10.99. The stock has a 50 day moving average of $10.35 and a 200 day moving average of $9.03.

Datalink Corp. (NASDAQ:DTLK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The business earned $199.20 million during the quarter, compared to the consensus estimate of $186.59 million. Datalink Corp. had a net margin of 0.97% and a return on equity of 5.59%. During the same period in the prior year, the firm earned $0.12 EPS. Equities research analysts anticipate that Datalink Corp. will post $0.65 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of DTLK. Spark Investment Management LLC purchased a new stake in Datalink Corp. during the first quarter valued at about $250,000. Geode Capital Management LLC increased its stake in Datalink Corp. by 8.8% in the first quarter. Geode Capital Management LLC now owns 132,091 shares of the company’s stock valued at $1,206,000 after buying an additional 10,665 shares in the last quarter. Wellington Management Group LLP increased its stake 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 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 in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Datalink Corp. during the second quarter valued at about $1,055,000. 73.07% of the stock is owned by institutional investors and hedge funds.

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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