Federated Investors Inc. PA lifted its holdings in Limelight Networks, Inc. (NASDAQ:LLNW) by 175.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,656,448 shares of the information services provider’s stock after acquiring an additional 1,054,673 shares during the period. Federated Investors Inc. PA owned 1.47% of Limelight Networks worth $7,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LLNW. Campbell & CO Investment Adviser LLC bought a new position in shares of Limelight Networks in the second quarter worth about $125,000. WINTON GROUP Ltd bought a new position in shares of Limelight Networks in the first quarter worth about $172,000. MetLife Investment Advisors LLC boosted its stake in shares of Limelight Networks by 172.6% in the first quarter. MetLife Investment Advisors LLC now owns 43,835 shares of the information services provider’s stock worth $180,000 after acquiring an additional 27,754 shares during the period. Cim Investment Mangement Inc. bought a new position in shares of Limelight Networks in the second quarter worth about $182,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Limelight Networks in the second quarter worth about $261,000. 72.38% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:LLNW opened at $4.80 on Friday. The stock has a market capitalization of $532.80 million, a P/E ratio of -240.00, a PEG ratio of 11.47 and a beta of 2.27. Limelight Networks, Inc. has a 12 month low of $3.51 and a 12 month high of $6.05.

Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Thursday, July 19th. The information services provider reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $50.25 million for the quarter, compared to the consensus estimate of $49.64 million. Limelight Networks had a return on equity of 1.99% and a net margin of 6.43%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. analysts anticipate that Limelight Networks, Inc. will post 0.03 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. ValuEngine lowered Limelight Networks from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. TheStreet raised Limelight Networks from a “c” rating to a “b-” rating in a research note on Thursday, July 19th. BidaskClub raised Limelight Networks from a “sell” rating to a “hold” rating in a research note on Wednesday. Craig Hallum assumed coverage on Limelight Networks in a research note on Monday, August 27th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Zacks Investment Research lowered Limelight Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $5.96.

In related news, insider Kurt Silverman sold 7,500 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $5.00, for a total value of $37,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert A. Lento sold 40,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $4.89, for a total value of $195,600.00. The disclosure for this sale can be found here. Insiders sold 174,171 shares of company stock worth $816,860 over the last quarter. 10.60% of the stock is owned by company insiders.

Limelight Networks Company Profile

Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, and social channels. It provides Orchestrate Platform, a suite of integrated services comprising content delivery, video content management, Website and Web application acceleration, Website and content security, and cloud storage services.

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

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