Vanguard Group Inc. raised its position in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 24.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,307,238 shares of the information services provider’s stock after purchasing an additional 639,265 shares during the period. Vanguard Group Inc. owned 3.06% of Limelight Networks worth $8,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ClariVest Asset Management LLC raised its stake in shares of Limelight Networks by 2.1% during the 1st quarter. ClariVest Asset Management LLC now owns 324,990 shares of the information services provider’s stock worth $839,000 after purchasing an additional 6,727 shares in the last quarter. Cortina Asset Management LLC raised its stake in shares of Limelight Networks by 25.0% during the 1st quarter. Cortina Asset Management LLC now owns 3,550,985 shares of the information services provider’s stock worth $9,162,000 after purchasing an additional 710,677 shares in the last quarter. Alambic Investment Management L.P. raised its stake in shares of Limelight Networks by 23.9% during the 1st quarter. Alambic Investment Management L.P. now owns 108,466 shares of the information services provider’s stock worth $280,000 after purchasing an additional 20,900 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Limelight Networks during the 1st quarter worth about $214,000. Finally, Nationwide Fund Advisors raised its stake in shares of Limelight Networks by 109.0% during the 1st quarter. Nationwide Fund Advisors now owns 349,454 shares of the information services provider’s stock worth $902,000 after purchasing an additional 182,255 shares in the last quarter. 69.00% of the stock is owned by institutional investors.

Shares of Limelight Networks, Inc. (LLNW) traded down 1.39% on Monday, hitting $3.54. The company had a trading volume of 224,904 shares. The firm has a 50 day moving average of $3.49 and a 200-day moving average of $2.94. The firm’s market capitalization is $386.74 million. Limelight Networks, Inc. has a 12-month low of $1.45 and a 12-month high of $3.78.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, July 26th. The information services provider reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Limelight Networks had a negative return on equity of 5.03% and a negative net margin of 8.65%. The firm had revenue of $45.37 million during the quarter, compared to analysts’ expectations of $45.25 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Limelight Networks, Inc. will post $0.06 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Limelight Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. B. Riley reaffirmed a “buy” rating and set a $4.30 price target on shares of Limelight Networks in a research note on Tuesday, August 1st. TheStreet raised Limelight Networks from a “d+” rating to a “c” rating in a research note on Thursday, July 27th. Finally, BidaskClub raised Limelight Networks from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $3.45.

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About Limelight Networks

Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.

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Institutional Ownership by Quarter for Limelight Networks (NASDAQ:LLNW)

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