Quantitative Systematic Strategies LLC Has $48,000 Holdings in Limelight Networks, Inc. (LLNW)

Quantitative Systematic Strategies LLC decreased its stake in Limelight Networks, Inc. (NASDAQ:LLNW) by 65.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,708 shares of the information services provider’s stock after selling 27,897 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Limelight Networks were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Limelight Networks by 0.3% in the 3rd quarter. BlackRock Inc. now owns 7,729,999 shares of the information services provider’s stock valued at $38,805,000 after purchasing an additional 22,448 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Limelight Networks by 7.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,311,687 shares of the information services provider’s stock valued at $21,646,000 after purchasing an additional 305,571 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Limelight Networks by 42.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,787,660 shares of the information services provider’s stock valued at $13,994,000 after purchasing an additional 832,689 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of Limelight Networks by 64.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 72,065 shares of the information services provider’s stock valued at $362,000 after purchasing an additional 28,230 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Limelight Networks by 96.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,131,093 shares of the information services provider’s stock valued at $5,678,000 after purchasing an additional 556,541 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Limelight Networks from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. BidaskClub downgraded shares of Limelight Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Raymond James upgraded shares of Limelight Networks from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.31.

Shares of LLNW opened at $3.11 on Friday. The stock has a market capitalization of $355.32 million, a PE ratio of -155.50 and a beta of 2.70. Limelight Networks, Inc. has a 52-week low of $2.21 and a 52-week high of $5.52.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, April 17th. The information services provider reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The business had revenue of $43.28 million during 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 8.17%. Limelight Networks’s revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share.

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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.

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

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