Is Intralinks Holdings Inc (NYSE:IL) a marvelous investment right now? Investors who are in the know are becoming more confident. The number of bullish hedge fund bets improved by 1 in recent months.
At the moment, there are tons of methods investors can use to analyze the equity markets. A duo of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite hedge fund managers can beat the broader indices by a healthy margin (see just how much).
Just as important, optimistic insider trading activity is another way to parse down the world of equities. There are a number of motivations for an insider to downsize shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Many academic studies have demonstrated the valuable potential of this tactic if “monkeys” understand what to do (learn more here).
With these “truths” under our belt, let’s take a peek at the recent action regarding Intralinks Holdings Inc (NYSE:IL).
How have hedgies been trading Intralinks Holdings Inc (NYSE:IL)?
At the end of the first quarter, a total of 17 of the hedge funds we track were bullish in this stock, a change of 6% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their stakes considerably.
Of the funds we track, Altai Capital, managed by Rishi Bajaj, Toby Symonds, and Steve Tesoriere, holds the biggest position in Intralinks Holdings Inc (NYSE:IL). Altai Capital has a $19.3 million position in the stock, comprising 7.5% of its 13F portfolio. On Altai Capital’s heels is Michael Doheny of Freshford Capital Management, with a $7.6 million position; 1.1% of its 13F portfolio is allocated to the stock. Some other hedgies that are bullish include J. Carlo Cannell’s Cannell Capital, Lisa Rapuano’s Lane Five Capital and Richard C. Patton’s Courage Capital.
With a general bullishness amongst the heavyweights, some big names have been driving this bullishness. Highbridge Capital Management, managed by Glenn Russell Dubin, created the largest position in Intralinks Holdings Inc (NYSE:IL). Highbridge Capital Management had 0.4 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $0.3 million position during the quarter. The only other fund with a brand new IL position is Mike Vranos’s Ellington.
What have insiders been doing with Intralinks Holdings Inc (NYSE:IL)?
Insider purchases made by high-level executives is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the latest half-year time period, Intralinks Holdings Inc (NYSE:IL) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Intralinks Holdings Inc (NYSE:IL). These stocks are Brady Corp (NYSE:BRC), Mantech International Corp (NASDAQ:MANT), AsiaInfo-Linkage, Inc. (NASDAQ:ASIA), KEYW Holding Corp. (NASDAQ:KEYW), and VASCO Data Security International, Inc. (NASDAQ:VDSI). This group of stocks are the members of the security software & services industry and their market caps resemble IL’s market cap.