Banque Pictet & Cie SA Has $3.60 Million Stake in Limelight Networks, Inc. (LLNW)
Banque Pictet & Cie SA lessened its stake in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,540,000 shares of the information services provider’s stock after selling 15,537 shares during the quarter. Banque Pictet & Cie SA’s holdings in Limelight Networks were worth $3,604,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. B. Riley Wealth Management Inc. bought a new position in shares of Limelight Networks during the third quarter valued at approximately $81,000. MML Investors Services LLC bought a new position in shares of Limelight Networks during the third quarter valued at approximately $106,000. Virtu Financial LLC bought a new position in shares of Limelight Networks during the fourth quarter valued at approximately $65,000. Macquarie Group Ltd. bought a new position in shares of Limelight Networks during the second quarter valued at approximately $139,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of Limelight Networks during the third quarter valued at approximately $251,000. 74.01% of the stock is owned by hedge funds and other institutional investors.
LLNW opened at $3.11 on Friday. The firm has a market capitalization of $353.19 million, a price-to-earnings ratio of -155.50, a PEG ratio of 5.67 and a beta of 2.75. Limelight Networks, Inc. has a 12-month low of $2.21 and a 12-month high of $5.52.
A number of equities analysts recently commented on LLNW shares. DA Davidson set a $7.00 target price on Limelight Networks and gave the company a “buy” rating in a report on Monday, October 8th. BidaskClub downgraded Limelight Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. TheStreet downgraded Limelight Networks from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. ValuEngine downgraded Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Raymond James upgraded Limelight Networks from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Limelight Networks currently has an average rating of “Hold” and a consensus target price of $6.25.
ILLEGAL ACTIVITY WARNING: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.dailypolitical.com/2019/02/03/banque-pictet-cie-sa-has-3-60-million-stake-in-limelight-networks-inc-llnw.html.
About Limelight Networks
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.
Read More: Capital Gains
Want to see what other hedge funds are holding LLNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Limelight Networks, Inc. (NASDAQ:LLNW).
Receive News & Ratings for Limelight Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks and related companies with MarketBeat.com's FREE daily email newsletter.