62,184 Shares in Harmonic Inc. (HLIT) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Harmonic Inc. (NASDAQ:HLIT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 62,184 shares of the communications equipment provider’s stock, valued at approximately $190,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Harmonic as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLIT. Vanguard Group Inc. grew its stake in Harmonic by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,803,837 shares of the communications equipment provider’s stock valued at $30,470,000 after buying an additional 203,002 shares during the last quarter. State Street Corp grew its stake in Harmonic by 7.0% in the 2nd quarter. State Street Corp now owns 1,961,470 shares of the communications equipment provider’s stock valued at $10,303,000 after buying an additional 129,086 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Harmonic by 10.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 813,106 shares of the communications equipment provider’s stock valued at $4,838,000 after buying an additional 77,305 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Harmonic by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,629,442 shares of the communications equipment provider’s stock valued at $34,805,000 after buying an additional 58,240 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in Harmonic by 1.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 5,012,838 shares of the communications equipment provider’s stock valued at $26,317,000 after buying an additional 52,062 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

In other news, SVP Bart Spriester sold 8,004 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $3.81, for a total transaction of $30,495.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Neven Haltmayer sold 8,311 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $3.81, for a total transaction of $31,664.91. The disclosure for this sale can be found here. Insiders sold a total of 25,933 shares of company stock valued at $98,389 in the last three months. Insiders own 4.27% of the company’s stock.

Shares of Harmonic Inc. (NASDAQ HLIT) opened at $4.25 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.56. Harmonic Inc. has a twelve month low of $2.80 and a twelve month high of $6.18.

Harmonic (NASDAQ:HLIT) last posted its quarterly earnings data on Monday, October 30th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.07. The firm had revenue of $92.00 million during the quarter, compared to the consensus estimate of $85.63 million. Harmonic had a negative net margin of 22.02% and a negative return on equity of 13.06%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. research analysts forecast that Harmonic Inc. will post -0.51 EPS for the current fiscal year.

A number of research analysts recently commented on HLIT shares. Zacks Investment Research lowered shares of Harmonic from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Jefferies Group reiterated a “hold” rating and issued a $3.50 price target on shares of Harmonic in a research note on Sunday, September 10th. ValuEngine lowered shares of Harmonic from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Northland Securities set a $6.00 price objective on shares of Harmonic and gave the company a “buy” rating in a report on Tuesday, October 17th. Finally, Dougherty & Co reissued a “buy” rating and issued a $6.50 price objective on shares of Harmonic in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Harmonic has a consensus rating of “Hold” and a consensus price target of $5.06.

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About Harmonic

Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products, and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers.

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Institutional Ownership by Quarter for Harmonic (NASDAQ:HLIT)

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