Emerald Mutual Fund Advisers Trust increased its stake in shares of Internap Corporation (NASDAQ:INAP) by 185.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,957,710 shares of the information technology services provider’s stock after acquiring an additional 1,272,692 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 2.46% of Internap Corporation worth $8,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of INAP. California Public Employees Retirement System grew its position in Internap Corporation by 9.3% during the 1st quarter. California Public Employees Retirement System now owns 336,400 shares of the information technology services provider’s stock worth $1,251,000 after acquiring an additional 28,500 shares during the last quarter. Vanguard Group Inc. grew its position in Internap Corporation by 162.2% during the 1st quarter. Vanguard Group Inc. now owns 2,715,665 shares of the information technology services provider’s stock worth $10,102,000 after acquiring an additional 1,680,128 shares during the last quarter. Geode Capital Management LLC grew its position in Internap Corporation by 6.8% during the 1st quarter. Geode Capital Management LLC now owns 335,826 shares of the information technology services provider’s stock worth $1,249,000 after acquiring an additional 21,408 shares during the last quarter. Morgan Stanley grew its position in Internap Corporation by 91.3% during the 1st quarter. Morgan Stanley now owns 370,816 shares of the information technology services provider’s stock worth $1,380,000 after acquiring an additional 176,932 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Internap Corporation by 18.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,854,219 shares of the information technology services provider’s stock worth $6,898,000 after acquiring an additional 290,799 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

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Internap Corporation (NASDAQ:INAP) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.04). The firm had revenue of $68.91 million during the quarter, compared to the consensus estimate of $69.10 million. Internap Corporation had a negative return on equity of 234.35% and a negative net margin of 45.52%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the company earned ($1.75) EPS.

Several research firms recently issued reports on INAP. UBS AG upgraded Internap Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Friday, August 4th. Raymond James Financial, Inc. upgraded Internap Corporation from an “outperform” rating to a “strong-buy” rating and set a $7.00 price target on the stock in a research report on Friday, August 4th. BidaskClub upgraded Internap Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded Internap Corporation from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Wednesday, October 4th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $6.00 price objective (up from $5.00) on shares of Internap Corporation in a research report on Monday, September 25th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Internap Corporation has an average rating of “Buy” and a consensus price target of $5.81.

Internap Corporation 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.

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Institutional Ownership by Quarter for Internap Corporation (NASDAQ:INAP)

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