Alliancebernstein L.P. cut its holdings in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 27.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,000 shares of the information services provider’s stock after selling 31,400 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Limelight Networks worth $240,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LLNW. Vanguard Group Inc. lifted its holdings in shares of Limelight Networks by 24.0% during the first quarter. Vanguard Group Inc. now owns 3,307,238 shares of the information services provider’s stock worth $8,533,000 after buying an additional 639,265 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Limelight Networks by 614.3% during the second quarter. Algert Global LLC now owns 392,017 shares of the information services provider’s stock worth $1,133,000 after buying an additional 337,139 shares during the last quarter. Chicago Equity Partners LLC lifted its holdings in shares of Limelight Networks by 138.4% during the second quarter. Chicago Equity Partners LLC now owns 376,072 shares of the information services provider’s stock worth $1,087,000 after buying an additional 218,342 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Limelight Networks by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,821,332 shares of the information services provider’s stock worth $9,859,000 after buying an additional 211,905 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Limelight Networks by 35.9% during the first quarter. TIAA CREF Investment Management LLC now owns 425,657 shares of the information services provider’s stock worth $1,098,000 after buying an additional 112,371 shares during the last quarter. Institutional investors own 68.72% of the company’s stock.

Shares of Limelight Networks, Inc. (NASDAQ:LLNW) opened at $5.90 on Friday. Limelight Networks, Inc. has a 1 year low of $2.02 and a 1 year high of $6.01.

Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Wednesday, October 18th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $46.07 million for the quarter, compared to analysts’ expectations of $43.09 million. Limelight Networks had a negative return on equity of 3.29% and a negative net margin of 5.91%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. analysts expect that Limelight Networks, Inc. will post -0.04 EPS for the current year.

A number of research firms have recently issued reports on LLNW. B. Riley restated a “buy” rating and set a $4.30 price objective on shares of Limelight Networks in a research report on Thursday, July 27th. BidaskClub upgraded Limelight Networks from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Friday, October 20th. DA Davidson set a $5.50 price objective on Limelight Networks and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, TheStreet upgraded Limelight Networks from a “d+” rating to a “c” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $5.00.

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Limelight Networks Company Profile

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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