Is Intralinks Holdings Inc (IL) a Good Stock to Buy Right Now?

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Seeing as Intralinks Holdings Inc (NYSE:IL) has witnessed a decline in interest from hedge fund managers, logic holds that there was a specific group of funds that elected to cut their full holdings last quarter. Intriguingly, Jeffrey Moskowitz’s Harvey Partners cashed in the biggest position of all the investors tracked by Insider Monkey, totaling an estimated $1.5 million in stock, and Matthew Hulsizer’s PEAK6 Capital Management was right behind this move, as the fund dumped about $0.1 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to Intralinks Holdings Inc (NYSE:IL). We will take a look at Alon USA Energy, Inc. (NYSE:ALJ), Natera Inc (NASDAQ:NTRA), John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS), and Middlesex Water Company (NASDAQ:MSEX). All of these stocks’ market caps are closest to IL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ALJ 15 58090 -2
NTRA 15 51121 0
JBSS 14 81916 0
MSEX 7 30579 -2

As you can see these stocks had an average of 13 funds with bullish positions and the average amount invested in these stocks was $55 million, which is lower than the $152 million figure in IL’s case. Alon USA Energy, Inc. (NYSE:ALJ) is the most popular stock in this table. On the other hand Middlesex Water Company (NASDAQ:MSEX) is the least popular one with only seven bullish hedge fund positions. Compared to these stocks Intralinks Holdings Inc (NYSE:IL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none

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