Strs Ohio lowered its stake in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,800 shares of the information services provider’s stock after selling 12,100 shares during the quarter. Strs Ohio owned approximately 0.14% of Limelight Networks worth $656,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LLNW. Wolverine Trading LLC boosted its position in Limelight Networks by 761.3% during the 3rd quarter. Wolverine Trading LLC now owns 37,766 shares of the information services provider’s stock worth $150,000 after acquiring an additional 43,477 shares during the period. The Manufacturers Life Insurance Company boosted its position in 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 worth $193,000 after acquiring an additional 3,090 shares during the period. OxFORD Asset Management LLP boosted its position in 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 worth $209,000 after acquiring an additional 38,647 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Limelight Networks during the 2nd quarter worth $220,000. Finally, Wells Fargo & Company MN boosted its position in Limelight Networks by 72.8% during the 3rd quarter. Wells Fargo & Company MN now owns 77,272 shares of the information services provider’s stock worth $307,000 after acquiring an additional 32,543 shares during the period. Institutional investors and hedge funds own 70.27% of the company’s stock.

In other news, Director Mark J. Midle sold 15,000,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $4.35, for a total value of $65,250,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 37.60% of the stock is currently owned by insiders.

Shares of Limelight Networks, Inc. (NASDAQ LLNW) opened at $4.06 on Friday. Limelight Networks, Inc. has a 12 month low of $2.10 and a 12 month high of $6.05.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. Limelight Networks had a negative return on equity of 1.51% and a negative net margin of 4.14%. The company had revenue of $48.19 million for the quarter, compared to the consensus estimate of $47.74 million. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.

A number of research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of Limelight Networks in a research report on Monday, December 4th. Zacks Investment Research upgraded Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Friday, October 20th. BidaskClub lowered Limelight Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Cowen reiterated an “outperform” rating and set a $6.00 price target (up previously from $4.00) on shares of Limelight Networks in a research report on Thursday, October 19th. Finally, DA Davidson set a $5.50 price target on Limelight Networks and gave the stock a “buy” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $5.63.

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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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