Parametric Portfolio Associates LLC bought a new stake in Internap Corporation (NASDAQ:INAP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 52,014 shares of the information technology services provider’s stock, valued at approximately $191,000. Parametric Portfolio Associates LLC owned approximately 0.08% of Internap at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its position in Internap by 8.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,993,067 shares of the information technology services provider’s stock valued at $25,665,000 after buying an additional 563,500 shares in the last quarter. Vanguard Group Inc. increased its position in Internap by 13.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,081,341 shares of the information technology services provider’s stock valued at $11,309,000 after buying an additional 365,676 shares in the last quarter. Northern Trust Corp increased its position in Internap by 488.3% in the 2nd quarter. Northern Trust Corp now owns 913,121 shares of the information technology services provider’s stock valued at $3,351,000 after buying an additional 757,898 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Internap by 197.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 475,932 shares of the information technology services provider’s stock valued at $1,747,000 after buying an additional 315,674 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Internap by 47.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 437,210 shares of the information technology services provider’s stock valued at $1,626,000 after buying an additional 140,465 shares in the last quarter. 87.16% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on INAP. UBS raised Internap from an “outperform” rating to a “strong-buy” rating in a report on Friday, August 4th. Raymond James Financial raised Internap from an “outperform” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a report on Friday, August 4th. Zacks Investment Research raised Internap from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, October 4th. ValuEngine raised Internap from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Benchmark reissued a “buy” rating and set a $24.00 price objective (up from $20.00) on shares of Internap in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the company. Internap has an average rating of “Buy” and a consensus price target of $23.25.

Shares of Internap Corporation (INAP) opened at $17.78 on Friday. The company has a debt-to-equity ratio of 107.36, a current ratio of 0.69 and a quick ratio of 0.69. Internap Corporation has a twelve month low of $3.20 and a twelve month high of $22.36.

Internap (NASDAQ:INAP) last issued its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.16). The company had revenue of $68.91 million for the quarter, compared to the consensus estimate of $69.10 million. Internap had a negative return on equity of 282.42% and a negative net margin of 18.09%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($7.00) earnings per share. research analysts predict that Internap Corporation will post -2.44 earnings per share for the current fiscal year.

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About Internap

Internap Corporation is a technology provider of Internet infrastructure. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.

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Institutional Ownership by Quarter for Internap (NASDAQ:INAP)

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