Marshall Wace LLP Sells 491,669 Shares of Limelight Networks, Inc. (NASDAQ:LLNW)

Marshall Wace LLP decreased its holdings in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,111,956 shares of the information services provider’s stock after selling 491,669 shares during the quarter. Marshall Wace LLP owned about 0.97% of Limelight Networks worth $3,592,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Limelight Networks by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,372,620 shares of the information services provider’s stock valued at $10,232,000 after purchasing an additional 60,933 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Limelight Networks by 23.5% in the first quarter. Federated Investors Inc. PA now owns 4,325,000 shares of the information services provider’s stock valued at $13,970,000 after purchasing an additional 822,552 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Limelight Networks by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 3,379,013 shares of the information services provider’s stock valued at $10,913,000 after purchasing an additional 118,724 shares during the last quarter. United Services Automobile Association boosted its position in shares of Limelight Networks by 25.8% in the fourth quarter. United Services Automobile Association now owns 2,972,900 shares of the information services provider’s stock valued at $6,957,000 after acquiring an additional 610,277 shares during the period. Finally, DDD Partners LLC boosted its position in shares of Limelight Networks by 0.5% in the first quarter. DDD Partners LLC now owns 1,681,093 shares of the information services provider’s stock valued at $5,430,000 after acquiring an additional 8,228 shares during the period. Institutional investors own 73.03% of the company’s stock.

Shares of Limelight Networks stock traded up $0.06 on Friday, hitting $2.56. The stock had a trading volume of 641,549 shares, compared to its average volume of 811,423. The company has a 50 day moving average of $2.85. Limelight Networks, Inc. has a twelve month low of $2.21 and a twelve month high of $5.32. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $294.11 million, a price-to-earnings ratio of -128.00 and a beta of 2.07.

Limelight Networks (NASDAQ:LLNW) last released its earnings results on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $43.28 million for the quarter, compared to analyst estimates of $44.87 million. Limelight Networks had a net margin of 0.61% and a negative return on equity of 8.25%. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. On average, equities analysts anticipate that Limelight Networks, Inc. will post -0.03 earnings per share for the current year.

A number of equities research analysts have recently issued reports on LLNW shares. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. DA Davidson set a $16.00 price objective on shares of Redfin and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Finally, BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.07.

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, social, and other digital initiatives.

Further Reading: Fundamental Analysis and Individual Investors

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

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