dynamically changing link / shortcut location?

Hello,
Is there a way to dynamically change the location of a shortcut?
Here is my issue:
I have a network folder: \\server\share\test

in the test folder I have Application1.exe and Shortcut to
application1

I copy the test folder from the \\server\share to C:\Program Files

so now I have a C:\Program Files\test folder
the thing is, the shortcut to application1 still point to \\server
\share\test

Is there a way to dynamically change this so when I move it to another
location, the shortcut changes?

so the shortcut should be: C:\Program Files\test

Any ideas? is this possible?
I am copying this folder via a batch script to 50+ computers and this
would make things much easier

thanks.