Creative Planning purchased a new position in Internap Corp (NASDAQ:INAP) during the second quarter, Holdings Channel reports. The fund purchased 22,191 shares of the information technology services provider’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its holdings in Internap by 12.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,213,220 shares of the information technology services provider’s stock worth $24,345,000 after purchasing an additional 249,601 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Internap by 1.1% in the 1st quarter. Gabelli Funds LLC now owns 2,111,873 shares of the information technology services provider’s stock worth $23,231,000 after purchasing an additional 23,255 shares in the last quarter. Cannell Capital LLC increased its stake in Internap by 91.1% in the 1st quarter. Cannell Capital LLC now owns 875,208 shares of the information technology services provider’s stock worth $9,627,000 after acquiring an additional 417,153 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Internap by 15.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 575,905 shares of the information technology services provider’s stock worth $6,335,000 after acquiring an additional 76,747 shares during the last quarter. Finally, Cortina Asset Management LLC increased its stake in Internap by 7.6% in the 1st quarter. Cortina Asset Management LLC now owns 357,887 shares of the information technology services provider’s stock worth $3,937,000 after acquiring an additional 25,366 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

INAP has been the topic of a number of research reports. Stifel Nicolaus set a $13.00 price objective on Internap and gave the stock a “hold” rating in a research note on Friday. BidaskClub raised Internap from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised Internap from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Finally, ValuEngine raised Internap from a “strong sell” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Internap has a consensus rating of “Hold” and an average price target of $19.00.

NASDAQ:INAP opened at $13.41 on Tuesday. The company has a debt-to-equity ratio of 72.60, a quick ratio of 0.65 and a current ratio of 0.65. Internap Corp has a 1 year low of $8.88 and a 1 year high of $22.36. The company has a market capitalization of $281.68 million, a price-to-earnings ratio of -8.65 and a beta of 2.08.

Internap (NASDAQ:INAP) last released its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported ($0.47) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.22. Internap had a negative return on equity of 1,103.27% and a negative net margin of 15.52%. The business had revenue of $81.96 million for the quarter, compared to the consensus estimate of $81.76 million. During the same quarter in the previous year, the company posted ($0.24) EPS. The company’s revenue was up 17.7% compared to the same quarter last year. equities analysts expect that Internap Corp will post -2.49 earnings per share for the current fiscal year.

In other news, CEO Peter D. Aquino acquired 4,470 shares of Internap stock in a transaction on Wednesday, June 13th. The shares were acquired at an average price of $11.16 per share, with a total value of $49,885.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders acquired 7,270 shares of company stock worth $76,988. Corporate insiders own 5.90% of the company’s stock.

About Internap

Internap Corporation provides Internet infrastructure services. It operates through two business segments, INAP COLO and INAP CLOUD. The INAP COLO segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol (IP) connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.

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Institutional Ownership by Quarter for Internap (NASDAQ:INAP)

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