Leeward Investments LLC MA Decreases Position in Harmonic Inc. $HLIT

Leeward Investments LLC MA decreased its holdings in Harmonic Inc. (NASDAQ:HLIT) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,699,702 shares of the communications equipment provider’s stock after selling 43,456 shares during the period. Leeward Investments LLC MA’s holdings in Harmonic were worth $15,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HLIT. Silverberg Bernstein Capital Management LLC boosted its holdings in Harmonic by 2.1% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 1,327,455 shares of the communications equipment provider’s stock valued at $11,921,000 after purchasing an additional 27,817 shares during the period. Brady Martz Wealth Solutions LLC purchased a new stake in Harmonic during the 1st quarter worth about $143,000. Hsbc Holdings PLC increased its holdings in Harmonic by 33.4% during the 4th quarter. Hsbc Holdings PLC now owns 30,266 shares of the communications equipment provider’s stock worth $299,000 after purchasing an additional 7,583 shares during the period. Alpine Global Management LLC acquired a new stake in Harmonic in the 4th quarter valued at about $179,000. Finally, Aristides Capital LLC acquired a new stake in Harmonic in the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

Harmonic Trading Down 2.0%

NASDAQ:HLIT opened at $14.66 on Wednesday. The stock has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $11.05. The stock has a market cap of $1.59 billion, a P/E ratio of -39.62 and a beta of 1.32. Harmonic Inc. has a 1 year low of $7.80 and a 1 year high of $17.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 2.27.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HLIT shares. Barclays boosted their price objective on Harmonic from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Harmonic from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings upgraded shares of Harmonic from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Northland Securities set a $15.00 price target on shares of Harmonic in a report on Tuesday, May 12th. Finally, Needham & Company LLC increased their price objective on shares of Harmonic from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.60.

Insider Buying and Selling

In other Harmonic news, SVP Neven Haltmayer sold 31,766 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $13.24, for a total transaction of $420,581.84. Following the sale, the senior vice president owned 133,924 shares of the company’s stock, valued at approximately $1,773,153.76. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephanie Copeland sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $13.30, for a total transaction of $57,190.00. Following the sale, the director owned 20,752 shares of the company’s stock, valued at $276,001.60. This represents a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.74% of the company’s stock.

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.