Swiss National Bank Acquires 13,400 Shares of Limelight Networks, Inc. (NASDAQ:LLNW)

Swiss National Bank boosted its holdings in Limelight Networks, Inc. (NASDAQ:LLNW) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,600 shares of the information services provider’s stock after purchasing an additional 13,400 shares during the period. Swiss National Bank owned approximately 0.18% of Limelight Networks worth $574,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of LLNW. Federated Investors Inc. PA lifted its stake in 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 worth $13,970,000 after purchasing an additional 822,552 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in Limelight Networks in the first quarter worth $1,689,000. Royce & Associates LP lifted its stake in Limelight Networks by 53.0% in the first quarter. Royce & Associates LP now owns 923,366 shares of the information services provider’s stock worth $2,982,000 after purchasing an additional 320,000 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Limelight Networks by 37,718.2% in the first quarter. Acadian Asset Management LLC now owns 284,393 shares of the information services provider’s stock worth $918,000 after purchasing an additional 283,641 shares during the last quarter. Finally, Falcon Point Capital LLC lifted its stake in Limelight Networks by 36.0% in the first quarter. Falcon Point Capital LLC now owns 868,970 shares of the information services provider’s stock worth $2,807,000 after purchasing an additional 230,028 shares during the last quarter. 76.21% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Sajid Malhotra purchased 20,000 shares of Limelight Networks stock in a transaction that occurred on Wednesday, July 24th. The shares were bought at an average price of $2.28 per share, for a total transaction of $45,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas Marth purchased 21,550 shares of Limelight Networks stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average price of $2.32 per share, for a total transaction of $49,996.00. The disclosure for this purchase can be found here. 10.40% of the stock is currently owned by insiders.

Shares of LLNW stock traded down $0.11 during mid-day trading on Friday, reaching $3.19. The stock had a trading volume of 1,000,900 shares, compared to its average volume of 683,437. The stock’s 50-day moving average price is $2.51 and its two-hundred day moving average price is $2.81. Limelight Networks, Inc. has a 52-week low of $2.20 and a 52-week high of $5.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10.

Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Wednesday, July 17th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Limelight Networks had a negative net margin of 11.63% and a negative return on equity of 13.07%. The firm had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $46.40 million. During the same quarter in the previous year, the firm posted $0.04 EPS. Limelight Networks’s revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts predict that Limelight Networks, Inc. will post -0.13 earnings per share for the current year.

Several research firms have weighed in on LLNW. B. Riley reissued a “buy” rating and issued a $5.00 price target on shares of Limelight Networks in a research note on Monday, July 15th. BidaskClub raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Limelight Networks from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. DA Davidson reissued a “neutral” rating and issued a $2.70 price target on shares of Limelight Networks in a research note on Tuesday, July 2nd. Finally, ValuEngine raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.85.

Limelight Networks 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: How Investors Use a Balance Sheet

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).

Institutional Ownership by Quarter for Limelight Networks (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.