Man Group plc Acquires Shares of 126,586 Harmonic Inc. $HLIT

Man Group plc acquired a new stake in shares of Harmonic Inc. (NASDAQ:HLIT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 126,586 shares of the communications equipment provider’s stock, valued at approximately $2,067,000. Man Group plc owned about 0.12% of Harmonic at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jupiter Topco LLC bought a new position in Harmonic in the 2nd quarter valued at about $725,000. Hsbc Holdings PLC acquired a new position in Harmonic during the 2nd quarter valued at about $1,360,000. Legal & General Group Plc bought a new stake in Harmonic during the 2nd quarter worth approximately $3,991,000. The Manufacturers Life Insurance Company bought a new stake in Harmonic during the 2nd quarter worth approximately $536,000. Finally, Algert Global LLC purchased a new stake in shares of Harmonic in the second quarter worth approximately $243,000. 99.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HLIT has been the topic of several analyst reports. Northland Securities set a $17.00 target price on Harmonic in a research report on Thursday, August 13th. Needham & Company LLC reissued a “buy” rating on shares of Harmonic in a research report on Thursday, August 13th. Wall Street Zen cut Harmonic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Harmonic in a report on Thursday, August 13th. Finally, Barclays upped their target price on shares of Harmonic from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.50.

Harmonic Stock Performance

HLIT stock opened at $11.72 on Wednesday. The firm has a market cap of $1.28 billion, a PE ratio of -27.90 and a beta of 1.32. The company has a quick ratio of 2.56, a current ratio of 3.05 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of $12.79 and a 200-day moving average of $12.01. Harmonic Inc. has a 12-month low of $8.47 and a 12-month high of $17.68.

Harmonic (NASDAQ:HLIT) last issued its quarterly earnings results on Wednesday, August 12th. The communications equipment provider reported $0.24 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $120.89 million. During the same period last year, the company posted $0.09 earnings per share. Harmonic’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. As a group, sell-side analysts expect that Harmonic Inc. will post 0.5 earnings per share for the current year.

About Harmonic

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.