Royce & Associates LP increased its holdings in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 153.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,366 shares of the information services provider’s stock after purchasing an additional 364,909 shares during the period. Royce & Associates LP owned approximately 0.53% of Limelight Networks worth $1,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its holdings in Limelight Networks by 8.9% during the fourth quarter. New York State Common Retirement Fund now owns 363,344 shares of the information services provider’s stock worth $850,000 after acquiring an additional 29,722 shares during the period. California Public Employees Retirement System increased its position in Limelight Networks by 2.4% in the fourth quarter. California Public Employees Retirement System now owns 307,453 shares of the information services provider’s stock worth $719,000 after buying an additional 7,119 shares during the last quarter. WINTON GROUP Ltd increased its position in Limelight Networks by 59.6% in the fourth quarter. WINTON GROUP Ltd now owns 24,838 shares of the information services provider’s stock worth $58,000 after buying an additional 9,278 shares during the last quarter. Pinnacle Associates Ltd. increased its position in Limelight Networks by 170.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 47,600 shares of the information services provider’s stock worth $111,000 after buying an additional 30,000 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Limelight Networks by 50.8% in the fourth quarter. Rhumbline Advisers now owns 137,978 shares of the information services provider’s stock worth $323,000 after buying an additional 46,463 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Shares of NASDAQ LLNW opened at $2.94 on Friday. The firm has a market capitalization of $339.31 million, a PE ratio of -147.00, a P/E/G ratio of 29.70 and a beta of 2.69. Limelight Networks, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $5.52.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Wednesday, January 30th. The information services provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). The company had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $43.73 million. Limelight Networks had a net margin of 5.03% and a negative return on equity of 1.34%. Limelight Networks’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. As a group, analysts anticipate that Limelight Networks, Inc. will post 0.01 EPS for the current year.

LLNW has been the subject of a number of recent research reports. Raymond James raised Limelight Networks from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 29th. BidaskClub raised Limelight Networks from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. 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.

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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, social, and other digital initiatives.

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

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