ICONIQ Capital LLC held its stake in Limelight Networks, Inc. (NASDAQ:LLNW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the information services provider’s stock at the end of the second quarter. ICONIQ Capital LLC owned approximately 0.18% of Limelight Networks worth $578,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American International Group Inc. lifted its position in shares of Limelight Networks by 7.1% during the 1st quarter. American International Group Inc. now owns 43,718 shares of the information services provider’s stock valued at $113,000 after buying an additional 2,913 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Limelight Networks by 26.8% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 48,570 shares of the information services provider’s stock valued at $140,000 after buying an additional 10,270 shares in the last quarter. Strs Ohio lifted its position in shares of Limelight Networks by 58.4% during the 1st quarter. Strs Ohio now owns 68,100 shares of the information services provider’s stock valued at $175,000 after buying an additional 25,100 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Limelight Networks by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,823 shares of the information services provider’s stock valued at $193,000 after buying an additional 3,090 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its position in shares of Limelight Networks by 115.3% during the 2nd quarter. OxFORD Asset Management LLP now owns 72,171 shares of the information services provider’s stock valued at $209,000 after buying an additional 38,647 shares in the last quarter. Hedge funds and other institutional investors own 68.99% of the company’s stock.

A number of research analysts have recently issued reports on LLNW shares. TheStreet upgraded Limelight Networks from a “d+” rating to a “c” rating 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 lowered Limelight Networks from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Finally, B. Riley reissued a “buy” rating and issued a $4.30 price objective on shares of Limelight Networks in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $3.64.

Limelight Networks, Inc. (LLNW) traded down 0.93% on Friday, reaching $4.24. The company had a trading volume of 352,553 shares. The company’s 50-day moving average is $3.77 and its 200-day moving average is $3.20. Limelight Networks, Inc. has a 52-week low of $1.70 and a 52-week high of $4.40. The company’s market capitalization is $463.21 million.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, July 26th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $45.37 million for the quarter, compared to the consensus estimate of $45.25 million. During the same period in the prior year, the business earned $0.01 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that Limelight Networks, Inc. will post $0.06 EPS for the current fiscal year.

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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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