Man Group plc Invests $2.07 Million in Harmonic Inc. $HLIT

Man Group plc purchased a new position in Harmonic Inc. (NASDAQ:HLIT) during the second quarter, Holdings Channel.com reports. The fund purchased 126,586 shares of the communications equipment provider’s stock, valued at approximately $2,067,000.

Several other institutional investors have also bought and sold shares of the company. Sei Investments Co. increased its position in Harmonic by 2.0% in the first quarter. Sei Investments Co. now owns 70,742 shares of the communications equipment provider’s stock worth $635,000 after buying an additional 1,383 shares during the last quarter. Aristides Capital LLC lifted its position in shares of Harmonic by 7.2% during the 1st quarter. Aristides Capital LLC now owns 21,943 shares of the communications equipment provider’s stock valued at $197,000 after buying an additional 1,483 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Harmonic by 5.4% during the 4th quarter. Inspire Investing LLC now owns 47,233 shares of the communications equipment provider’s stock valued at $467,000 after buying an additional 2,428 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Harmonic by 6.5% during the 4th quarter. Stephens Inc. AR now owns 41,893 shares of the communications equipment provider’s stock worth $414,000 after acquiring an additional 2,548 shares during the period. Finally, Caxton Associates LLP grew its stake in shares of Harmonic by 21.2% during the 1st quarter. Caxton Associates LLP now owns 15,937 shares of the communications equipment provider’s stock worth $143,000 after acquiring an additional 2,789 shares during the period. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Stock Performance

Shares of HLIT opened at $11.72 on Wednesday. Harmonic Inc. has a 52-week low of $8.47 and a 52-week high of $17.68. The stock’s 50-day simple moving average is $12.79 and its 200 day simple moving average is $12.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.56 and a current ratio of 3.05. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -27.90 and a beta of 1.32.

Harmonic (NASDAQ:HLIT) last posted its earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.07. Harmonic had a positive return on equity of 10.91% and a negative net margin of 8.50%.The business had revenue of $133.46 million during the quarter, compared to analyst estimates of $120.89 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 53.5% compared to the same quarter last year. Harmonic has set its Q3 2026 guidance at 0.150-0.190 EPS and its FY 2026 guidance at 0.670-0.750 EPS. Research analysts forecast that Harmonic Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Northland Securities set a $17.00 price target on shares of Harmonic in a research report on Thursday, August 13th. Jefferies Financial Group restated a “hold” rating and set a $15.00 price target on shares of Harmonic in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Harmonic from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price objective on shares of Harmonic in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.50.

Harmonic Company Profile

Harmonic Inc (NASDAQ:HLIT) is a leading provider of video delivery infrastructure that enables service providers, broadcasters and content owners to capture, process and distribute high‐quality video across broadcast, cable, satellite and IP networks. The company’s portfolio spans real‐time video compression solutions, including encoders and transcoders, as well as storage and server products designed for live production, playout and streaming on any device.

Harmonic’s product lines include cable edge QAM modules and set‐top video processing platforms for traditional pay‐TV operators, alongside cloud‐native software for over‐the‐top (OTT) delivery, origin servers and content delivery network (CDN) services.