Internap Corp (INAP) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in shares of Internap Corp (NASDAQ:INAP) by 73.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,963,619 shares of the information technology services provider’s stock after selling 5,442,945 shares during the period. Gamco Investors INC. ET AL owned 9.42% of Internap worth $30,848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in INAP. Gotham Asset Management LLC lifted its holdings in Internap by 173.1% in the 2nd quarter. Gotham Asset Management LLC now owns 27,952 shares of the information technology services provider’s stock worth $103,000 after buying an additional 17,717 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Internap in the 2nd quarter valued at about $133,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Internap in the 2nd quarter valued at about $158,000. Nationwide Fund Advisors acquired a new stake in shares of Internap in the 2nd quarter valued at about $166,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Internap in the 2nd quarter valued at about $191,000.

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Internap from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Benchmark reiterated a “buy” rating and set a $28.00 price objective on shares of Internap in a research note on Tuesday, January 30th. ValuEngine upgraded shares of Internap from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research upgraded shares of Internap from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.25.

Internap Corp (INAP) traded down $0.01 during trading on Wednesday, hitting $12.66. 246,100 shares of the stock traded hands, compared to its average volume of 186,405. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 107.36. The company has a market capitalization of $264.12, a PE ratio of -4.10 and a beta of 1.85. Internap Corp has a twelve month low of $6.92 and a twelve month high of $22.36.

ILLEGAL ACTIVITY WARNING: This article was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/gamco-investors-inc-et-al-sells-5442945-shares-of-internap-corp-inap.html.

Internap Profile

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.

Institutional Ownership by Quarter for Internap (NASDAQ:INAP)

Receive News & Ratings for Internap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internap and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply